Is there CGT levied on the transfer of a retirement annuity?

Question:

If one transfers a retirement annuity from Investec to 10X, without withdrawing any of the money, is there a CGT implication and if so, how does it work

Answer:

Gavin, No, there is no CGT levied on the transfer of a retirement annuity.

The information and answers supplied in this section do not constitute advice as defined by the Financial Advisory and Intermediary Services Act, 37 of 2002.

Category: Retirement Annuity

Topic: Customer Questions

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