YM
Yondela M
1 reviews | Active since Dec 2018
11 Aug 2020, 10:37
Taxed my funds after retrenchment
Following my retrenchment, I was advised by Sanlam that I can transfer my funds to the preservation fund and if I needed to take it out this year and it would not be taxed. I contacted the person managing my portfolio , as I wanted to take the money out and I asked her if I would be taxed and she said no because I was retrenched and my funds are way below 500K. When everything was finalized , I saw that SARS taxed both my provident and pension fund at 18% and they said it’s because sanlam did not choose involuntary termination but they chose withdrawal. I would like my money back from sanlam and SARS and I really need it.
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Replies (1)Sanlam's replyOfficial
11 Aug 2020, 11:05Good day, Yondela
We acknowledge receipt of your complaint. Your matter has been escalated to the relevant department for further assistance.
Kind regards,
Sanlam Client Relations
We acknowledge receipt of your complaint. Your matter has been escalated to the relevant department for further assistance.
Kind regards,
Sanlam Client Relations
Sanlam's reply11 Aug 2020, 11:05
Official
Good day, Yondela
We acknowledge receipt of your complaint. Your matter has been escalated to the relevant department for further assistance.
Kind regards,
Sanlam Client Relations
We acknowledge receipt of your complaint. Your matter has been escalated to the relevant department for further assistance.
Kind regards,
Sanlam Client Relations
