A reader asks whether the tax on his retirement savings is calculated on the fund's value at emigration or withdrawal.
A reader asks if the tax on his retirement savings is calculated on the fund’s value at emigration or withdrawalI emigrated from South Africa in August 2021. I am recognised by the South African Revenue Service as a tax nonresident with effect from my date of emigration.
Is the tax upon withdrawal calculated with reference to the fund value as at my emigration date with interest charged to withdrawal date, or is it calculated based on the fund value as at withdrawal date?
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How much money you can save by installing solar powerA MyBroadband reader recently installed a grid-tied solar power system at their home, and the installer estimates that they can save more than R4 million over twenty years.
Read more »
Transfer money out of South Africa quickly and securely with Rand SwissFor businesses and individuals who need money transferred out of South Africa quickly and securely, Rand Swiss will take care of the entire process.
Read more »
Phala Phala raises legitimate suspicions about money laundering, says Thabo Mbeki | News24Former president Thabo Mbeki said the theft of millions of rand in US dollars from President Cyril Ramaphosa’s Phala Phala game farm raises legitimate concerns about money laundering.
Read more »
How I Blew My Money: Sandile Ndlovu | Soccer LadumaSandile AK47 Ndlovu dwells into his very beginning as a goalkeeper, when the likes of Orlando Pirates were chasing his signature, how he eventually joined Sundowns. Driving the same car as Lesley Manyathela. Why he believes he would have had his own airoplane, the money he blew along the way and his current job in Pietermaritzburg,
Read more »