Income Tax Act, 1962 (Act No. 58 of 1962)
Regulations in terms of section 12T(8) of the Income Tax Act, 1962, on the requirements for Tax Free Investment
Part IV : Withdrawal and transfer
7. Withdrawal and transfer
A product provider or an issuer may not transfer or deposit an amount that is withdrawn in respect of a tax free investment owned by an investor who is a minor into an account other than into an account—
|(a)||that is held in the name of that investor; or|
|(b)||of the deceased estate of that investor,|
who is a minor.
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National Payment System Act, 1998