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Where do I declare full cash payment from pension fund?

Posted 13 November 2015 under Tax Questions


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Rosie says:
12 November 2015 at 7:59

I transferred from one company to another that outsourced their information systems department with a section 197 transfer a year ago. I decided to withdraw the full cash from my pension fund, as the money in my pension fund could not be transferred to a provident fund without being taxed (not sure it this is correct). Could you please advise where to declare the full cash payout / income that I have received?

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TaxTimTaxTim says:
12 November 2015 at 8:12

Did the fund issue you with an IT3a?


Rosie says:
12 November 2015 at 8:23

Nope, didn't receive any documentation except the full cash payout. Do I need to request it from them?


TaxTimTaxTim says:
13 November 2015 at 7:40

Yes, you should request this from them as they should have provided this to you.


Rosie says:
13 November 2015 at 8:04

Thanks so much!


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