SAICA Comments on Draft BGR: Purchase of different types of annuities at retirement
Summary
SAICA comments on the draft Binding General Ruling confirming, inter alia, that, for income tax purposes, any annuity purchased or provided by any retirement fund must be compulsory, non-commutable, payable for and based on the lifetime of the retiring member.
| Author | Dr Sharon Smulders (Project Director: Advocacy) and Piet Nel (Project Director: Tax Professional Development) |
|---|---|
| Division | Tax |
| Keywords | draft interpretation note SAICA |
| Categories | Purchase of different types of annuities at retirement |
| Date | 30 July 2021 |
| File |