Thanks for explaining the calculation in detail ... a follow up to this is how is tax calculated on the 25 000/30 000 that can be withdrawn from the savings pot ? Is it a fixed tax amount on the lump sum ?
Hi Dhevan that presentation opened my eyes. I am exactly in that situation I have to take decision either to resign or to stay with GEPF. How can contact to analyse my situation?
@adjsayago, this needs to be done on a one on one basis as it is based on your specific situation. Email retirewell@retiresa.co.za to enquire on booking a consult
@julietranoko947, this video will be more helpful to you What would happen if you resign from GEPF before age 55? ruclips.net/video/PHA9E42CMu4/видео.html
@nomputwaku, it can be confusing. In fact. I’ve seen a number of members and financial advisors make mistakes with this calculation. The R550 000 tax free amount is already taken into account. The calculation must be done as SARS would do it otherwise you would assume you would pay less tax only to find out that you have to pay in much more in reality
WOW BASIL YOU SAID IT FOR ALL OF US THATS HOW WE FEEL AS WELL BUT YOU ARTICULATED IT VERY WELL THANK YOU DHEVAN
@Naipaul, II’ll cover more secrets during your private consults 🎁
Thanks for explaining the calculation in detail ... a follow up to this is how is tax calculated on the 25 000/30 000 that can be withdrawn from the savings pot ? Is it a fixed tax amount on the lump sum ?
@wrestling, this amount accessible from the 2 pot savings pot will be added to your salary and taxed accordingly
@@DhevanNaicker is that GEPF only or industry wide ? Don't we have to apply for tax directives ?
@WrestlingInYourHouse this video covers GEPF specifically. Some elements will apply to the private sector as well
Hi Dhevan that presentation opened my eyes. I am exactly in that situation I have to take decision either to resign or to stay with GEPF. How can contact to analyse my situation?
@Marcel, you can email retirewell@retiresa.co.za
I will need your 2023 GEPF statement to run the tax calcs
PLEASE WE NEED EXPLANATION ON THE 2ND PART OF THIS VIDEO (WITHIN THE PRESERVATION FUNS (BEST PRESERVATION FUNDS AVAILABLES) OPTIONS AND POSSIBILITIES
@adjsayago, this needs to be done on a one on one basis as it is based on your specific situation.
Email retirewell@retiresa.co.za to enquire on booking a consult
Hi Devan, does this apply also for members under aged 55yrs
@julietranoko947, this video will be more helpful to you
What would happen if you resign from GEPF before age 55?
ruclips.net/video/PHA9E42CMu4/видео.html
Is my2/3going to increase in your fund.
@janehlamalani, this is possible. It depends on how your investment, the income you take and a few other factors.
LOOKS LIKE YOU DO NOT INCL THE 1ST 550000 IN YOUR FORMULA
@nomputwaku, it can be confusing.
In fact. I’ve seen a number of members and financial advisors make mistakes with this calculation.
The R550 000 tax free amount is already taken into account. The calculation must be done as SARS would do it otherwise you would assume you would pay less tax only to find out that you have to pay in much more in reality