Foreign Pension Tax Relief: What Treasury’s Latest Move Means for South African Retirees
SAIT welcomed the National Treasury’s decision to partially accept the withdrawal of the tax exemption under Section 10(1)(gC)(ii). This provides crucial relief and certainty for South African retirees receiving income from past employment abroad.
The initial proposal would have fully removed the exemption, making foreign retirement benefits like pensions, annuities, and lump sums fully taxable in South Africa. This could have jeopardised the financial stability of thousands who planned retirements based on the current tax framework. In this interview, SAIT’s Acting Deputy CEO, Keitumetse Sesana, examines the National Treasury’s decision and its implications for the South African tax regime, including SAIT’s pivotal role in submitting formal commentary opposing the full repeal.
30-minute audio
South Africa’s recent official removal from the FATF (The Financial Action Task Force’s) Grey Listing
In a radio interview discussion with KC 107.7 FM, SAIT’s Acting Deputy CEO, Keitumetse Sesana, examines South Africa’s official removal from the Financial Action Task Force (FATF) Grey List.
22-minute audio
Warning to influencers selling and promoting fake LV and Gucci bags online
Keitumetse Sesana, SAIT’s acting deputy CEO, told The Citizen that selling and promoting fake designer items is as bad as selling illicit alcohol and cigarettes.
5 minute read

