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Income Tax Act, 1962 (Act No. 58 of 1962)

Regulations

Regulations in terms of section 12T(8) of the Income Tax Act, 1962, on the requirements for Tax Free Investment

Part II : Issue of financial instrument and policy

4. Accepting of amounts by product provider

 

 

A product provider may not accept any amount in respect of any investor in respect of a tax free investment—

(a) in excess of the annual contribution limit in respect of any year; or
(b) in excess of the lifetime contribution limit.