Good morning Dhevan Yes i started in Gov 1981 and retiring this year. I phoned some SARS people working with tax issues but they are hesitant to assist Lots of my old colleagues who went on pension complain about the huge tax on their 1/3 lump sum. I believe that SARS might do not implement their own formula. I have 41 years and 11 months service. @@DhevanNaicker
@Collen, SARS should apply this. The issue is if you have unused portions, it will be forfeited. There is a better solution that I’ve discovered. Email retirewell@retiresa.co.za for more info
@nomputwaku265, now you’re more empowered. Imagine how many other members don’t know about this. If you have colleagues who were working before 1998, share this free video link with them so that can don’t lose out on their tax free benefits
Retired end February 2024 but but surely GEPF did not add this benefit. 😮. I calculated it its huge. Helpful information.
@bongiwe, share this video with your colleagues so they don’t make the same mistake
Thanks Dhevan this video has been very beneficial to me
@marlene, next step is to implement these techniques and watch your tax savings soar
It's been extremely helpful!!
@Shareen, you are learning and growing so much. I’m proud of your progress.
Very helpful video will definitely share with colleagues
@Granville, this is a crucial benefit to factor as part of your tax planning.
When are you aiming at leaving?
@@DhevanNaicker Hi is this communication private between us
@Granville, you can email retirewell@retiresa.co.za
Very good information
@Thomas, were you employed by government before March 1998?
Good morning Dhevan Yes i started in Gov 1981 and retiring this year. I phoned some SARS people working with tax issues but they are hesitant to assist
Lots of my old colleagues who went on pension complain about the huge tax on their 1/3 lump sum. I believe that SARS might do not implement their own formula. I have 41 years and 11 months service. @@DhevanNaicker
Insightful !!! Thx
@Chris, great work! Keep watching and learning
How can we claim this coz we already retired
@Thandekile, unfortunately once this is lost there’s no way of recovering it.
What sort of tax planning did you do before retiring?
How do i contact you, still have five years to go but i want to start preparing now
@masego, you can start your journey with our Retire vs Resign Masterclass.
Access a free 48 hour pass here:
www.retirevsresign.co.za/
How do I make sure that this 98 tax free its been applied?
@Collen, SARS should apply this. The issue is if you have unused portions, it will be forfeited.
There is a better solution that I’ve discovered. Email retirewell@retiresa.co.za for more info
I alwys thoght that thee 550 000 untaxable oy if i retire instead of resignation
@nomputwaku265, now you’re more empowered. Imagine how many other members don’t know about this.
If you have colleagues who were working before 1998, share this free video link with them so that can don’t lose out on their tax free benefits
How do i make contact with you as im near my retirement age please
@Patricia, email retirewell@retiresa.co.za
GEPF pre 98 tax benefit is automatically calculated when you retire.
@punji, it’s not the calculation. It’s more how you leverage the pre98 and maximize your tax savings.