Discover the essential steps and considerations for retiring from your company pension fund, including tax implications and the retirement process.

There can be a very expensive tax applied if you take your pension before the age of 55, which can cost you up to 55pc in tax. This is generally not advised and some funds won’t let you do it.

However, pension funds are exempt from paying capital gains tax. This creates unique opportunities for asset growth within pension funds. How a Pension Fund Benefits From Not Paying Capital Gains ...

Yes, per Sars income tax tables ... pension fund contributions are tax-deductible up to the lesser of 27.5% of the greater of your remuneration or taxable income or an annual limit of R350 000.

From 1 March 2023, the tax-free amount that can be taken as a lump sum payout from a retirement fund increased by 10%, from R25 000 to R27 500 before retirement, and from R500 000 to R550 000 at ...

Starting your working career with a steady salary is an exciting milestone – both for you and the Tax Man. As the South ...

A former finance minister said UK pension funds could face penalties for continuing to invest more outside the country.

Without the benefit of the sales tax, the city’s contribution to the Police and Fire Pension Fund would be $212 million in the next budget year, compared to $148.5 million.

While the main purpose of a pension is to give you an income throughout your retirement, you can take out lump sums whenever you want from the age of 55. Up to 25% of the total value of your pension ...

How to top up your work pension for easy investing with a tax relief boost. By TANYA JEFFERIES. Updated: 12:18 EDT, 24 April 2025 ...

U.S. Tax Bill 'Worrisome' for Canadian Investors, Pension Funds, Official Says Last Updated: May 29, 2025 at 5:11 p.m. ET First Published: May 29, 2025 at 3:48 p.m. ET Share ...

50%: American Funds Tax-Exempt Bond AFTFX The author or authors do not own shares in any securities mentioned in this article. Find out about Morningstar’s editorial policies .