Difalana tsa phenshene, Retiring vs withdrawing

Tax at retirement

Favourable retirement tax tables apply when you retire

Explained by our expert

About me

Megan specialises in retirement planning and member support, with experience spanning retirement fund consulting, employee benefits and regulatory compliance. She holds a BCom Law degree from the University of Johannesburg, has completed her LLB at UNISA and is a member of the Pension Fund Lawyers Association. Currently working towards a Master’s in Commercial Law with a focus on retirement funds, Megan brings a strong legal foundation to her work — helping SURF members better understand their retirement savings and make informed financial decisions

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Video Transcript

Favourable retirement lump sum tax tables apply when you retire. You get R550 000 tax-free over your lifetime. It's relatively generous taxation that recognises you've been saving for years and now need this money to live on.