Question:
Can you been tax on amount of R864 unclaimed provident fund
Answer:
Christine, Payment from an unclaimed benefit is still taxed as a withdrawal and the administrator will still need to get a tax directive from SARS so it is possible to be taxed on an unclaimed benefit when payment is made.
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.
