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tax credit

All members are eligible for a tax credit when they turn 60 or become entitled to payouts for reasons other than age.

Since 2015, as a member, you have been able to claim a tax credit on the tax you are required to pay to the government during payouts for your LD Savings.

Find out more about the tax credit if you are:

Under 60 years of age
60–61 years
Over 61 years of age

The Cost-of-Living Allowance Fund informs each member when they are eligible for the tax credit, and you do not need to withdraw your savings to receive the credit.

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Should I accept the tax credit?

The tax credit means that you’ll ultimately receive more money. This is a financial benefit for most people.

Yes/no to a tax credit
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Carry on saving

You can easily claim your tax credit and keep your savings with us. Find out more about the tax credit.

Go to ‘About tax credit’