Page 35 - Taxation F6 - The South African Tax System
P. 35
Exemptions
• The following requirements should be met for
a annuity to be a purchased annuity:
-Should be purchased and the insurer agrees to
pay the purchaser, spouse an annuity until death
or on expiry of the contract.
-Purchaser paid a lumpsum.
-No amounts will be payable other than in a way
of an annuity.
• Paid to purchaser(natural person)
35
