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Taxation Withdrawal 

This amount applies to the aggregate of all withdrawal lump sums received over the member’s lifetime after 1 March 2009.  This means that you cannot get R25 000 from this Fund and R25 000 from the next Fund you join.  Any withdrawal benefit previously received tax free, as well as tax free portions for amounts paid out in respect of divorces or maintenance orders, after 1 March 2009, will also be deducted off the tax free amount.
 
 
Please note that:
  • Any transfer value from the AIPF will be tax free
  • Where the Employer does not contribute to the Fund in respect of a member on leave without pay/without rights, the contribution paid by the member will be tax free.