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Rates compensated by a policyholder will not be deductible from taxable money, Even though rates paid by using an approved pension fund registered with regard to the Profits Tax Act are permitted to generally be deducted from particular money tax (no matter whether these premiums are nominally staying paid out via the employer or personnel). The advantages arising from daily life assurance insurance policies are generally not taxable as profits to beneficiaries (yet again in the case of permitted Gains, these fall beneath retirement or withdrawal taxation procedures from SARS).