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Correct tax on retrenchment?

Posted 10 August 2015 under Tax Q&A


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Jo says:
10 August 2015 at 14:29

I got retrenched in Jan 2015 and received R 850 000 and was duly taxed. What is the correct tax I should have paid knowing that the the first R 500 000 is tax free.

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

TaxTim TaxTim says:
10 August 2015 at 17:58

Please make use of our Lump sum calculator mto determine the taxes owing on the withdrawal.


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Let TaxTim
help you
submit your
Tax returns!


TaxTim will help you:

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 Avoid penalties
 Maximise your refund

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Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!