KS
Kayla S

1 reviews | Active since Mar 2024

23 Jul 2025, 14:29

Tax Return Blocked Due to Incorrect Directive Submitted by Alexander Forbes

I transferred my retirement annuity from Alexander Forbes to Liberty. This was a section 14 transfer , however Alexander Forbes submitted this transfer using code 3614, which incorrectly classifies it as a taxable lump sum payment. This error has led SARS to issue a tax directive and reject my tax return submission due to a perceived undeclared lump sum — even though this amount was never paid out to me.I contacted Alexander Forbes, and they acknowledged the mistake. I was advised that the matter has been reported to SARS, but I have not received any written confirmation, reference numbers, or indication of when the issue will be resolved. I am concerned that this delay is unjustified and that it is impacting my right to a fair and timely tax assessment.

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Replies (1)
Alexander Forbes Financial Services
Alexander Forbes Financial Services's reply23 Jul 2025, 15:42
Official
Dear Kayla,
 
At Alexander Forbes, our clients are important to us and I am sorry to learn that you’re dissatisfied with our service. Thank you for taking the time to bring this to our attention.  
 
We hereby acknowledge receipt of your complaint and apologies for the inconvenience caused. 
 
We will investigate your query and provide feedback with the contact details provided.   
  
Kind Regards 
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