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April 20, 2020
Do I pay Zakat on my pension?
You are liable to pay Zakat on your pension if you have access to the entire value of the fund. If your pension is locked and cannot be accessed until specific maturity date, then you are not liable to pay Zakat on the fund.
Once you have reached the maturity date and you have full access to your pension fund, only then are you liable to pay Zakat on a yearly basis.
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Your Questions about Zakat Answered
Here you will find more answers to your zakat questions.
Do I pay Zakat on my pension?
You are liable to pay Zakat on your pension if you have access to the entire value of the fund. If your pension is locked and cannot be accessed until specific maturity date, then you are not liable to pay Zakat on the fund.
Once you have reached the maturity date and you have full access to your pension fund, only then are you liable to pay Zakat on a yearly basis.
explore faqs
Your Questions about Zakat Answered
Here you will find more answers to your zakat questions.
