Retirement Fund Savings Series
Retirement Fund Savings Series
What's Included:
An overview of retirement lump sum benefits
OUTCOMES OF THIS STUDY UNIT After studying this unit, you should be able to: ✓ Understand the tax consequences for a taxpayer that receives annuities or lump sums from an employer or retirement fund ✓ Understand the tax co nsequences of lump sums received by taxpayers from Government Pension Funds ✓ Understand where annuities, retirement fund lump sum benefits and retirement withdrawal benefits should be included in the individual’s tax calculation ✓ Perform the tax calculation of retirement fund lump sum benefits and retirement withdrawal benefits using the applicable tax tables ✓ Understand where the retirement benefits received should be disclosed on the ITR12 tax return
0.5 Hour | R49.00
Retirement lump sum benefits
OUTCOMES OF THIS STUDY UNIT After studying this unit, you should be able to: ✓ Understand the tax consequences for a taxpayer that receives annuities or lump sums from an employer or retirement fund ✓ Understand the tax co nsequences of lump sums received by taxpayers from Government Pension Funds ✓ Understand where annuities, retirement fund lump sum benefits and retirement withdrawal benefits should be included in the individual’s tax calculation ✓ Perform the tax calculation of retirement fund lump sum benefits and retirement withdrawal benefits using the applicable tax tables ✓ Understand where the retirement benefits received should be disclosed on the ITR12 tax return
0.5 Hour | R49.00
Withdrawal Benefits
OUTCOMES OF THIS STUD YUNIT After studying this unit, you should be able to: ✓ Understand the tax consequences for a taxpayer that receives annuities or lump sums from an employer or retirement fund ✓ Understand the tax co nsequences of lump sums received by taxpayers from Government Pension Funds ✓ Understand where annuities, retirement fund lump sum benefits and retirement withdrawal benefits should be included in the individual’s tax calculation ✓ Perform the tax calculation of retirement fund lump sum benefits and retirement withdrawal benefits using the applicable tax tables ✓ Understand where the retirement benefits received should be disclosed on the ITR12 tax return
0.5 Hour | R49.00
Public Sector Pension Funds
OUTCOMES OF THIS STUDY UNIT After studying this unit, you should be able to: ✓ Understand the tax consequences for a taxpayer that receives annuities or lump sums from an employer or retirement fund ✓ Understand the tax co nsequences of lump sums received by taxpayers from Government Pension Funds ✓ Understand where annuities, retirement fund lump sum benefits and retirement withdrawal benefits should be included in the individual’s tax calculation ✓ Perform the tax calculation of retirement fund lump sum benefits and retirement withdrawal benefits using the applicable tax tables ✓ Understand where the retirement benefits received should be disclosed on the ITR12 tax return
0.5 Hour | R49.00
Annuities
OUTCOMES OF THIS STUD YUNIT After studying this unit, you should be able to: ✓ Understand the tax consequences for a taxpayer that receives annuities or lump sums from an employer or retirement fund ✓ Understand the tax co nsequences of lump sums received by taxpayers from Government Pension Funds ✓ Understand where annuities, retirement fund lump sum benefits and retirement withdrawal benefits should be included in the individual’s tax calculation ✓ Perform the tax calculation of retirement fund lump sum benefits and retirement withdrawal benefits using the applicable tax tables ✓ Understand where the retirement benefits received should be disclosed on the ITR12 tax return
