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John said: 29 October 2015 at 13:06 I changed jobs and requested that my pension be transferred from the previous fund to the new fund. This was done, but the old fund was taxed. I did not withdraw any of the money, so I am inquiring if I should have been taxed or can SARS provide me with a refund? |
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TaxTim Evan said: 29 October 2015 at 13:11 Did you transfer it to a pension preservation fund? |
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John said: 29 October 2015 at 14:03 I am not sure. It is the retirement fund to which the company deposits my monthly pension contributions to and the fund is managed by Alexander Forbes. |
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TaxTim Evan said: 29 October 2015 at 14:14 It is only tax free if you are transferring from the same type of fund to a preservation fund of the same type. You would need to check with Alexander Forbes. |
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