9 February 2010
New Binding Private Ruling: BPR 075
SARS: ATR Division
This ruling deals with whether the provisions of “formula C”, as defined in paragraph 1 of the Second Schedule to the Act, will be applicable in determining the amount of a lump sum benefit to be included in the gross income of a person who is in a process of a divorce, who was previously a member of a public sector fund but transferred his pension fund interest to a pension fund deemed by legislation to be a public sector fund.
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