Tax on Retirement

Tax on Retirement - Tax Smart

Protect your retirement funds with tax on retirement advice from Tax Smart

We have an expert team that can help you with tax on retirement.

This retirement tax is levied on lump sum benefits that you gain from a number of retirement investments, including:

  • pensions
  • provident funds
  • preservation funds
  • retirement annuity funds

If you have any of these, you will be liable for a tax on retirement when you access the lump sum payments that they provide.

These lump sum benefits are calculated on retirement, termination of employment, or death. Retirement tax is determined by applying the relevant tax table to the aggregate of the lump sum.

We can help you to gain:

  • more retirement tax breaks
  • tax on retirement directives that need to be applied for by the administrators of your fund

Speak to us about minimising your tax on retirement and getting the most money from your investment.