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Correct tax on retrenchment?

Posted 10 August 2015

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.

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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