| 6B. |
The deduction to be allowed from an amount contemplated in paragraph 2(1)(d) is equal to so much of that amount as is transferred for the benefit of a person from the— |
| (c) |
savings component in that fund into the member’s or former spouse of that member’s savings component or member’s or former spouse of that member’s retirement component in another pension fund, pension preservation fund, provident fund, provident preservation fund or retirement annuity fund; |
| (d) |
vested component in that fund into the member’s or former spouse of that member’s vested component or member’s or former spouse of that member’s retirement component in another pension fund, pension preservation fund, provident fund, provident preservation fund or retirement annuity fund; |
| (e) |
retirement component into the member’s or former spouse of that member’s retirement component of another pension fund, pension preservation fund, provident fund, provident preservation fund or retirement annuity fund; and |
| (f) |
vested component into the member’s savings component in that same fund for purposes of the allocation as contemplated in paragraph (a) of the ‘savings component’ definition: |
Provided that any transfers contemplated under item (c), (d) or (e) are only permissible on termination of membership in the transferor fund or as contemplated in paragraph 2(1)(b)(iA): Provided further that any transfers contemplated under item (c), (d) or (e) are only permissible if all the remaining components are transferred into the same transferee fund.
[Paragraph (6B) of the Second Schedule inserted by section 4(1) of the Revenue Laws Amendment Act, 2024, Notice No. 4924, GG50750 dated 4 June 2024 - comes into operation on 1 September 2024 and applies in respect of years of assessment commencing on or after that date (section 4(2))]
Stamp Duties Act, 1968 (Act 77 of 1968)
