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Can you claim back tax paid on a lump sum pension pay out?

Posted 26 August 2015 under Tax Q&A


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Jessica says:
25 August 2015 at 19:59

HI, if I stopped working in May last year and got a pension payout, can I claim back the tax paid on it based on my income over the year?

This entry was posted in Tax Q&A and tagged , , , , . Bookmark the permalink.

TaxTim TaxTim says:
26 August 2015 at 12:12

No, unfortunately you cannot claim back the tax paid on the pension payout.
SARS would have issued a tax directive and you would have been taxed accordingly.

However, you should complete a tax return for 2015 in order to see if you have overpaid tax on your salary, since you only worked for 2-3 months of the tax year and tax would have been calculated based on the full year.

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