Tax implications of UIF benefits
By Nicci Courtney-Clarke · Updated
I retired at age 65 during the course of the 2016 tax year. I claimed UIF retirement benefits which I received monthly (part in 2016 tax year and part in 2017 tax year). Will this UIF retirement benefit impact on my annual taxable income? Will I be receiving an IRP5 or IT3a from the UIF?
UIF benefits are not taxable so you don't need to worry about receiving IRP5/IT3a's from the UIF.