An overview of retirement lump sum benefits


Duration: 0.5 Hour

Price: R49.00

Video Type: Single

...

An overview of retirement lump sum benefits

Duration: 0.5 hour

Price: R49.00


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An overview of retirement lump sum benefits


OUTCOMES OF THIS STUDY UNIT
After studying this unit, you should be able to:
✓ Understand the tax consequences for a taxpayer that receives annuities or lump sums from an employer or retirement fund
✓ Understand the tax consequences of lump sums received by taxpayers from Government Pension Funds
✓ Understand where annuities, retirement fund lump sum benefits and retirement withdrawal benefits should be included in the individual’s tax calculation
✓ Perform the tax calculation of retirement fund lump sum benefits and retirement withdrawal benefits using the applicable tax tables
✓ Understand where the retirement benefits received should be disclosed on the ITR12 tax return
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