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Does previous pension withdrawal have impact on tax calculation on one third payout on retirement?

Posted 14 December 2015

IEWS said:
14 December 2015 at 16:20

I drew R250 000 from my pension fund when I moved companies a few years ago and placed funds in a Pension Preserver. Must this figure be added to my one third withdrawal for calculation of tax when I retire?

TaxTim Marc TaxTim Marc said:
14 December 2015 at 20:01

A different calculation is used for when you withdraw from a retirement fund pre-retirment age compared to at retirement age.
Please use our Lump sum calculator to compare the two different tax calculations.

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