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

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.

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 ...

At the top end, 292 people fully cashed in a pension of over £250,000 after tax-free cash between October 2023 and March 2024, paying a minimum of £98,700 in tax.