Secondary

Tag Archives | Income Tax Act

New Sars conditions on buying an annuity at retirement

New Sars conditions on buying an annuity at retirement

The SA Revenue Service (Sars) has issued Binding General Ruling 58, which sets out the approvals by the Sars Commissioner when purchasing an annuity at retirement. This follows the withdrawal of General Notice 18. BGR 58 provides that an annuity must be compulsory, non-commutable, payable for and based on the lifetime of the retiring member […]

Continue Reading
SA Corona Virus Online Portal Logo
CLICK HERE FOR MORE INFORMATION