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Transfer of funds between RAFs

Posted 29 July 2015

Chantal says:
1 July 2015 at 11:52

I transferred funds between Retirement Annuity Funds during the course of the year. An IRP5 has been issued by the old fund. Is there any deduction that can be claimed as the funds were transferred directly into another RA and not to myself?

TaxTim TaxTim says:
1 July 2015 at 12:29

Unfortunately not, there is no deduction available for this, but no tax should be deducted for the transfer.

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