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Income Tax Act, 1962 (Act 58 of 1962)


Second Schedule

Transfer on or after Normal Retirement Age but before Retirement Date: Deductions


6A. The deduction to be made from a lump sum benefit contemplated in paragraph 2(1)(c) is equal to so much of that lump sum benefit as is transferred for the benefit of a person from a—
(a) pension fund; or
(b) provident fund,

into any retirement annuity fund.


[Paragraph (6A) inserted by section 65(1) of Act No. 17 of 2017]