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Retirement Annuity

Posted 1 March 2016

Kyle says:
1 March 2016 at 9:57

1. What is the tax on the Retirement savings. 2. If the two thirds must be taken out as an annuity, what happens to the fund when the contributor passes away?

TaxTim TaxTim says:
1 March 2016 at 13:43

Please make use of our Lump sum calculator to work out tax on your lumpsum withdrawal before or after retirement.

Normally, the benefits will accrue on death to a designated beneficiary (that you would have nominated).

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