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Tax on receiving death benefit from retirement annuity?

Posted 14 August 2015

Johanna says:
14 August 2015 at 10:37

I have a question about receiving the death benefit from a parent's retirement annuity payout. How will this affect my tax once I've received the payout?

TaxTim TaxTim says:
14 August 2015 at 17:03

It will not affect your tax at all, the payout will be taxed before and you will receive the nett amount. It won't impact your tax from your own earnings.

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