Retirement Fund Taxation and Employee Benefit Structuring
The taxation of pension, provident and retirement annuity funds affects every employer, yet the rules on contributions, deductions and benefit payments are frequently misunderstood. This course explains how retirement fund contributions are taxed and deducted, how retirement and withdrawal lump sums are treated, and how employers can structure benefits efficiently. The content reflects the South African retirement reform environment and the two pot system.
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Explain the tax treatment of pension, provident and retirement annuity funds.
Calculate the deduction limits on retirement fund contributions.
Apply the lump sum tax tables to retirement and withdrawal benefits.
Advise on the two pot retirement system and its practical implications.
Structure employee benefit packages in a tax efficient manner.
Coordinate fund contributions with payroll and IRP5 reporting.
Course outline
01Retirement fund types and tax status
02Contribution deductions and limits
03Taxation of retirement lump sums
04Withdrawal benefits and the tax tables
05The two pot retirement system
06Structuring tax efficient benefits
07Payroll and IRP5 coordination
08Common errors and corrections
Who should attend
Payroll managers, human resources practitioners, financial managers and benefit administrators who manage retirement fund contributions and employee benefits.
Fees are per delegate. South African venues are priced in rand; other locations and online in US dollars. Fees exclude 15% VAT where applicable. Group bookings of three or more delegates from the same organisation qualify for a reduced rate; contact us for a quotation.