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General Notes

The General Notes in this Archive have been either withdrawn or replaced and are only intended for reference and/or research purposes.  

General Notes that are still effective, can be found under Interpretation & Rulings > General Notes.
 
General Note
Reference Number
History
​Description​ ​Notes
General Note

Issued on 22/07/1993

————————
Withdrawn on 04/03/2021​​
​Stoporder against benefits transferred from a pension fund to a provident fund​Legislation is clear regarding the tax treatment of transfers from pension to provident funds
​General Note 1

Issued on 15/02/1995

————————
Withdrawn on 04/03/2021​​
​Transfers from pension to provident funds in terms of the 14 September 1990 arrangement
​Legislation is clear regarding the tax treatment of transfers from pension to provident funds
General Note 2​

Issued on 15/02/1995

————————
Withdrawn on 13/03/2021​​​
​Transfers from South African pension and provident funds to Namibian retirement funds​Legislation is clear in respect of the tax treatment of benefits transferred from a South African approved pension fund or provident fund to a Namibian fund. The full amount transferred from a South African approved pension fund or provident fund to a Namibian fund is taxable in accordance with the tax rates applicable to withdrawal benefits, subject to the provisions of section 9(2)(i) of the Act.
General Note 3

Issued on 15/02/1995

————————
Withdrawn on 29/03/2012​
​Preservation funds and the
“N-factor”
​It became obsolete due to legislative changes
Addendum A to General Note 3
Issued on 28/09/2007
———————-
Withdrawn on 29/03/2012​
​Legislative changes affecting the
“N-factor”
​It became obsolete due to legislative changes
General Note 5

Issued on 20/02/1995

———————–
Withdrawn on 29/03/2012​
​Determination of death benefits​It became obsolete due to legislative changes
Addendum A to General Note 5
​Issued on 27/11/2007
———————–
Withdrawn on 29/03/2012​
​Determination of death benefits​It became obsolete due to legislative changes​
​​General Note 6
Issued on 20/07/1995
———————-
Withdrawn on 29/03/2012​
​Formula B: Maximums

​Reviewed on 01/03/2007, but no changes were effected.

It became obsolete due to legislative changes​
Addendum A to General Note 6
Issued on 28/09/2007
———————–
Withdrawn on 29/03/2012​​
​Formula B​​It became obsolete due to legislative changes​
General Note 7
Issued on 20/07/1995
——————
Withdrawn with effect from 05/11/2012​
​Source of Income – S.9(1)(g)(ii) and lump sum benefits from pension and provident funds​Retracted on 5 November 2012
General Note 8

Issued on 20/07/1995

————————
Witdrawn on 29/03/2014​
​Purchase of annuities at retirement​It became obsolete due to legislative changes​
General Note 9

Issued on 20/07/1995

————————
Withdrawn on 26/02/2021
​Purchase of annuities and transfer to retirement annuity fund at retirement​Replaced by General Note 9A
General Note 9A

Issued on 01/10/2007

————————
Witdrawn on 26/02/2021​
​Purchase of annuities and transfer to retirement annuity fund at retirement​To be read with General Note 12
General Note 10

Issued on 20/07/1995

———————-
Withdrawn with effect from 05/11/2012​
​​Source of Income – S.9(1)(g)(ii)​Retracted on 5 November 2012
General Note 11​

​Issued on 20/07/1995

————————

Withdrawn on 14/10/2015

​Retirement from employment​It became obsolete due to legislative changes
​General Note 12

​Issued on 20/07/1995

————————
Withdrawn on 26/02/2021
​Retirement from employment​Replaced by General Note 18 (Issue 2) on 01/09/2008
General Note 13​​

Issued on 20/07/1995

———————

Withdrawn on 05/03/2021​​

​Retirement from employment​The legislation is clear regarding compulsory annuitisation of provident and provident preservation funds
General Note 14 (Issue 1)

​Issued on 24/04/1995

———————–

Replaced by Issue 2

​Housing Loans and Guarantees (s.99)​Replaced by Issue 2 with effect from 12 September 2007
General Note 14 (Issue 2)​

​Issued on 12/09/2007

———————

Withdrawn on 03/03/2021​

​Housing Loans and Guarantees (s.99)It became obsolete due to legislative changes
General Note 15 (Issue 1)​

Issued on 20/02/1995

———————-
Replaced by Issue 2​
​Funds registered in the former TBVC states​Replaced by Issue 2 with effect from 12 September 2007
General Note 15 (Issue 2)

​Issued on 12/09/2007

———————

Withdrawn on 03/03/2021​

​Funds registered in the former TBVC states​These funds are all registered and granted the necessary approval
General Note 16 (Issue 1)​
Issued on 15/09/1995
———————
Replaced by Issue 2

​Commutation of Small Annuities​Replaced by Issue 2 with effect from 31 March 2010
Addendum A to General Note 16 (Issue 1)
Issued on 01/07/2006
 
———————
 
Replaced by Issue 2​
​Commutation of Small Annuities​Replaced by Issue 2 with effect from 31 March 2010
Addendum B to General Note 16 (Issue 1)
Issued on 31/03/2008
 
———————
 
Replaced by Issue 2​
​Commutation of Small Annuities​Replaced by Issue 2 with effect from 31 March 2010
Addendum C​ to General Note 16 (Issue 1)
Issued on 30/03/2009
 
———————
Replaced by Issue 2​​
​Commutation of Small Annuities​Replaced by Issue 2 with effect from 31 March 2010
General Note 16 (Issue 2)
Issued on 31/03/2010
———————–
Withdrawn on 17/02/2021
​Commutation of Small Annuities​It became obsolete due to legislative changes​
General Note 17 (Issue 1)

​Issued on 12/09/2007

———————

Replaced by Issue 2

​Standard Rules​Replaced by Issue 2 with effect from 12 September 2007
​​General Note 17 (Issue 2)
​Issued on 12/09/2007
———————
Withdrawn on 03/03/2021​
​Standard Rules​The function of approving retirement funds for income tax purposes to be delegated to the Financial Sector Conduct Authority (FSCA)
General Note 18 (Issue 1)​

Issued in August 1996

———————–
Replaced by Issue 2​
​Definitions of Pension and Provident Fund: Providing Annuities on Retirement from Employment Decision​Replaced by Issue 2 with effect from 1 September 2008
General Note 18A (Issue 1)​

​Issued in August 1997

———————-
Replaced by Issue 2
​Definitions of Pension and Provident Fund: Providing Annuities on Retirement from Employment Decision​Replaced by Issue 2 with effect from 1 September 2008
General Note 18 (Issue 2)

Issued in 01/09/2008

———————-
Withdrawn on 26/02/2021
​Definitions of Pension and Provident Fund: Providing Annuities on Retirement from Employment DecisionIt became obsolete due to legislative changes​
General Note 18A (Issue 2)

​Issued in 01/09/2008

———————-

Withdrawn on 26/02/2021

​Definitions of Pension and Provident Fund: Providing Annuities on Retirement from Employment Decision​It became obsolete due to legislative changes​
General Note 19​

Issued on 19/12/1997

———————–
Withdrawn on 27/02/2015​
​Purchase of more than one annuity at retirement​It became obsolete due to legislative changes​
​General Note 21 (Issue 2)

​Issued on 01/03/2006

———————

Withdrawn on 05/03/2021​

​Application for tax directives (benefits that include pre- 1 March 1998 vested rights)​It became obsolete due to legislative changes​
General Note 22
(Issue 1)

​Issued on 07/12/1999

———————-
Replaced by Issue 2
​Paragraph (c) benefit funds​Replaced by Issue 2 with effect from 1 September 2008
​​General Note 22
(Issue 2)

​Issued on 01/09/2008

———————-
Withdrawn on 02/03/2021​
​Paragraph (c) benefit funds​It became obsolete due to legislative changes​
General Note 24

Issued on 06/10/2000

———————-
Withdrawn on 29/03/2012​
​Retirement from Employment​It became obsolete due to legislative changes​
​​General Note 26

Issued on 14/01/2002

———————-

Withdrawn on 03/03/2021​
​Deductibility of administration costs​No deduction of  administrative expenses available under section 11(a) of the Act, as these expenses were not incurred in the production of income
​​General Note 27

​Issued on 17/01/2005

———————-
Withdrawn on 03/03/2021
​Amendments and revised rules​The function of approving retirement funds for income tax purposes to be delegated to the Financial Sector Conduct Authority (FSCA)
​​General Note 28

Issued on 02/04/2002

———————-
Withdrawn on 03/03/2021​
​Group life benefits provided by provident funds​The function of approving retirement funds for income tax purposes to be delegated to the Financial Sector Conduct Authority (FSCA)
​​General Note 29

Issued on 28/03/2003

———————-
Withdrawn on 03/03/2020

​Apportionment of surplus and minimum benefit requirements​Replaced by Interpretation Note 113 on apportionment of surplus and minimum benefit requirements: Pension Funds Second Amendment Act
Addendum A to General Note 29

Issued on 19/04/2008

———————-

Withdrawn on 03/03/2020​

​​Apportionment of surplus and minimum benefit requirements​​Replaced by Interpretation Note 113 on apportionment of surplus and minimum benefit requirements: Pension Funds Second Amendment Act
General Note 32
Issued on 24/03/2004
 
———————-
 
Withdrawn on 4/03/2016

​Late payment interest​Replaced by Binding General Ruling 31 on interest on late payment of benefits
General Note 35
Issued on 8/04/2004
———————-
Withdrawn on
21/02/2018

​Unclaimed benefits​Replaced by Interpretation Note 99 on unclaimed benefits
General Note 37

Issued on 31/10/2008

———————-

Withdrawn on
01/03/2016

​Maintenance awards​Replaced by Interpretation Note 89 on maintenance orders and the tax-on-tax principle

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