“Underpin component” definition of paragraph 12D of Seventh Schedule

“underpin component” means a benefit receivable from a pension fund or provident fund the value of which benefit, in terms of the rules of the fund, is the greater of the amount of a defined contribution component or a defined benefit component other than a risk benefit.

[Definition of “underpin component” substituted by section 33(f) of Act 42 of 2024]