Kami (age 36) was recently retrenched from her company due to financial losses incurred during the Covid-19
Fantastic news! We've Found the answer you've been seeking!
Question:
Kami (age 36) was recently retrenched from her company due to financial losses incurred during the Covid-19 pandemic. She was awarded her full pension fund value of R230 000 as part of the process.
A. All of these transfers will be taxable.
B. She can transfer the full value to a provident preservation fund, tax-free.
C. She can transfer the full value to a provident fund, tax-free.
D. She can transfer the full value to a retirement annuity fund, tax-free.
Related Book For
Canadian Income Taxation Planning And Decision Making
ISBN: 9781259094330
17th Edition 2014-2015 Version
Authors: Joan Kitunen, William Buckwold
Posted Date: