The investment returns earned by the Fund, whether these are in the form of interest income (from cash, money market or bond investments), dividend income (from shares), property rental income or capital gains, are not taxed. (Before 1 March 2007 part of the investment returns was subject to Retirement Fund Tax, but this has been abolished.)

Legal disclaimer

In providing the material that follows, the Fund has tried to reflect the tax treatment of contributions and benefits accurately at the time of writing, but the Income Tax Act is very complicated and is subject to regular changes. In the event that the following material conflicts with the Income Tax Act, the Act will apply. Because the Income Tax Act is so complicated, it is very important that you seek specialist advice if you have questions about taxation of your retirement benefits and when you have to make decisions, for instance about the form of the benefit that you take after you leave office.