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Deased lump sum.

Posted 15 May 2014

My husband passed on 2011 September and I had a lump sum paid out to me should I submit those statements at SARS?

TaxTim TaxTim says:
15 May 2014 at 15:22

The fund who paid the amount out would have already deducted the tax and paid this over to SARS. When you submit your 2014 tax return, the IRP5/IT3a document will already appear there. There is no more tax to pay. Just hold onto the document the fund issued you in case SARS asks for it.

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