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. Both benefits will be added together and only the first R25 000 will be tax free. The balance will be taxed according to this scale

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 from the tax-free amount. 





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Our Contact Details

 



Enquiries

021 650 2934

Please send all comments or questions to:
UCTRF-enquiries@uct.ac.za

Fund website:
www.uctrf.co.za