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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 IV : Withdrawal and transfer

8. Payment of amount in relation to withdrawal in respect of tax free investment

 

 

Any amount in respect of a tax free investment—

(a) that has a maturity date must be payable to an investor by any product provider within thirty two business days; or
(b) other than a tax free investment that has a maturity date must be payable to an investor by any product provider within seven business days,

after that investor has requested the payment.