Commutative Property. An operation is commutative if you can change the order of the numbers involved without changing the result. Addition and multiplication are both commutative. Subtraction is not commutative: 2 - 1 is not equal to 1 - 2. Here are some examples of the commutative properties of addition and multiplication: 88 + 65 = 65 + 88. 153 = 153.
Another consideration is that SBP premiums reduce the retiree's taxable income and reduce out-of-pocket costs for coverage. SBP benefits are taxed as income to the survivor however the tax rate upon receipt of the annuity will generally be less than the member's current tax rate. Most insurance plans are the reverse; premiums are paid from after-tax income, while survivors are not taxed on the proceeds.
Any amounts you withdraw early from the preservation fund) will be taxed as per the withdrawal cash lump sum tax table. The first R25 000 is not taxed, the balance to R660 000 is taxed at 18%, the balance to R9900 000 at 27% and the remainder above R990 000 at 36%.f you are currently a GEPF member, then you can only transfer tax-free to an approved pension preservation fund, and then you may only withdraw up to one-third as cash before retirement, and if you do, you must use the entire remaining balance at retirement to purchase an annuity.