Section 10: EXEMPTION FROM TAXES

(1)
Notwithstanding the provisions of any other Law, contributions to the Scheme under this Act shall form part of tax deductible expenses in the computation of tax payable by an employer or employee under the relevant income Tax Law.
(2)
All interests, dividends, profits, investment and other income accruable to pension funds and assets under this Act shall not be taxable.
(3) Any amount payable as a retirement benefit under this Act shall not be taxable.
(4)
Without prejudice to the provisions of sub-section (2) of this section, any income earned on any voluntary contribution made under Section 4 (3) of this Act shall be subject to tax at the point of withdrawal where the withdrawal is made before the end of 5 years from the date the voluntary contribution was made.