This Agreement applies in the UK up to 31 March 2003 (CT) and
2002/3 (IT) and in South Africa up to 31 December 2002. For later
periods see “New treaties/protocols in force” on the
left-hand bar on the DT manual.
(1) ) Any pension (other than a pension of the kind referred
to in paragraph (2) of Article 17) and any annuity, derived from
sources within South Africa by an individual who is a resident of
the United Kingdom and subject to United Kingdom tax in respect
thereof, shall be exempt from South African tax.
(2) ) Any pension (other than a pension of the kind referred
to in paragraph (2) of Article 17) and any annuity, derived from
sources within the United Kingdom by an individual who is a
resident of South Africa and subject to South African tax in
respect thereof, shall be exempt from United Kingdom tax.
(3) The term `annuity` means a stated sum payable
periodically at stated times, during life or during a specified or
ascertainable period of time, under an obligation to make the
payments in return for adequate and full consideration in money or
money's worth.
