Make Tax Easy in 2025

What is a beneficiary?

A beneficiary is a person or entity who receives income or assets from a trust, estate, retirement fund or life insurance fund.

In a trust, income distributed to beneficiaries is usually taxed in the hands of the beneficiary, not the trust (based on the “conduit principle”).

In the case of an estate, the estate pays tax before the inheritance is passed on, so the beneficiary usually does not pay extra tax.

Back

Submit your tax return right here!
Get started

Do Your Tax Return Easily

Avoid penalties

Maximise your refund

Answer simple questions about your incomes and expenses. TaxTim does the rest. Just click click, submit.

Make tax easy

Beneficiary