@heikoinvests: Most people retire thinking their money comes out tax-free. It doesn’t. 👀 Your RA splits into two portions when you retire and SARS taxes each one on completely different rules: 💰 The cash you take (up to ⅓): first R550k tax-free, then taxed on a rising scale. 📅 The monthly pension (the other ⅔): taxed like a salary, every single month. It’s not the same money taxed twice, it’s two portions, two sets of rules. Know this before you retire, not after. Disclaimer: Educational content only. Not financial advice.
So you save money for retirement from your salary where you already pay tax and then when you want to use it you get taxed again
2026-06-30 17:18:25
11
Odie_Parasapper :
SARS I draining the working class. They tax on tax, don't sugar coat it.
2026-06-30 21:33:35
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paulooriga :
Not entirely true. Get your facts correct.
2026-07-01 13:58:45
1
nthabie :
Kindly help me understand my hubby took early retirement at 55 and get R223,000 after 3mnths and he also gets monthly payments,so as he turns 60 is there any money that he's going to get, besides the monthly payments
2026-07-28 18:23:24
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Poeksie :
I wish I could have got in touch with you when I retired
2026-07-20 14:03:28
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Liverpool :
very interesting
2026-07-01 08:10:28
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@Lamverby :
SARS will follow you even after death.
2026-07-03 16:16:04
1
cakes1234 :
The one third is taxed if invested does it get taxed again
2026-07-01 01:29:18
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Tetelo :
After being taxed every month if ur working life
2026-07-04 04:02:46
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Cache :
Well, you're retirement annuity payment is a tax deduction annually, which is why they tax you when you're using the proceeds of that investment.
2026-06-30 16:35:32
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Houston Franke :
How does work from home deduction/rebate work
2026-06-30 20:34:02
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Basil Kallis :
An RA does not pay a monthly pension nor does it pay out 1/3 while retaining 2/3. One has to buy a pension product with the RA funds, like a living annuity, in order to withdraw 1/3 and leave 2/3 in it to do a draw down (monthly pension payout). The entire amount in an RA must be used to buy a living annuity in order to withdraw the 1/3. The 2/3 transferred in the living annuity is tax free . The first R550k of the 1/3 payout is tax free.
2026-07-26 09:49:23
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m.andy66 :
I had to listen to u twice to tru to understand- seems to me u r being taxed twice on yo monthly income - totally unacceptable
2026-07-01 16:46:01
3
Dawid Ras :
how can I contact you please about my pension money.
2026-07-29 06:02:16
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Fransman Van Tonder :
The second non cash portion, the 2/3 where does it go when you die; does your family get the money back as a lump sum?
2026-07-03 13:27:13
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ZG :
can you do both TFSA and RA?
2026-06-30 21:00:55
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Barry and berry :
Pled provide email address
2026-07-20 21:05:59
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Butterfly :
what is the retirement age for men to receive the RA or to apply to release the RA
2026-06-30 16:18:43
0
MI ? :
This Government is to expensive,,,,It is time for a cheaper one
2026-07-01 01:49:47
3
user37803756098 :
how the hell is that lethal though? taking old people's money
2026-07-06 15:00:49
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