TRANSFER ON OR AFTER NORMAL RETIREMENT AGE BUT BEFORE RETIREMENT DATE: DEDUCTIONS
6A. The deduction to be made from a lump sum benefit contemplated in paragraph 2(1)(c) is equal to so much of that lump sum benefit as is transferred for the benefit of a person from a-
(a) pension fund into a pension preservation fund, provident preservation fund or a retirement annuity fund;
[Subparagraph (a) substituted by section 66(1)(a) of Act 23 of 2018 and by section 42(1) of Act 23 of 2020 and amended by section 35(1) of Act 20 of 2021 effective on 1 March, 2022 and applicable in respect of years of assessment commencing on or after that date]
(b) provident fund into a pension preservation fund, provident preservation fund or a retirement annuity fund;
[Subparagraph (b) substituted by section 66(1)(a) of Act 23 of 2018, amended by section 35(1) of Act 20 of 2021 and substituted by section 40(1)(a) of Act 17 of 2023 with effect 1 March, 2024 and applicable in respect of years of assessment commencing on or after that date]
(c) pension preservation or provident preservation fund into another pension preservation or provident preservation fund or a retirement annuity fund;
[Subparagraph (c) added by section 35(1) of Act 20 of 2021 and substituted by section 40(1)(a) of Act 17 of 2023 and by section 31(1)(a) of Act 42 of 2024 effective on 1 March, 2025 and applicable in respect of years of assessment commencing on or after that date]
(d) pension fund or provident fund into another pension fund or provident fund in the case of an involuntary transfer; or
[Subparagraph (d) added by section 40(1)(b) of Act 17 of 2023 and substituted by section 31(1)(a) of Act 42 of 2024 effective on 1 March, 2025 and applicable in respect of years of assessment commencing on or after that date]
(e) retirement annuity fund into another retirement annuity fund.
[Paragraph 6A added by section 65(1) of Act 17 of 2017 and amended by section 66(1)(b) of Act 23 of 2018 deemed effective on 1 March, 2018 and by section 66(1)(c) of Act 23 of 2018 effective on 1 March, 2019 and applicable in respect of years of assessment commencing on or after that date. Subparagraph (e) added by section 31(1)(b) of Act 42 of 2024 effective on 1 March, 2025 and applicable in respect of years of assessment commencing on or after that date]