Do your Tax with TaxTim and WIN R10,000 More info T&C's apply

How to do the tax calculation upon resignation?

Posted 18 November 2014

I'm resigning from the department of education. I received benefit calculation from GEPF = R1 285 837 what will my tax be ?
thanx

TaxTim says:
19 November 2014 at 9:09

Please make use of our Lump sum calculator to get an idea of what the taxes payable could be.

This entry was posted in Tax Q&A and tagged Salary / IRP5, Retirement. Bookmark the permalink.

Blog Categories

Salary / IRP5 (4,703 posts)
Independent Contractor (996 posts)
Provisional Tax (673 posts)
Medical (968 posts)
Capital Gains (409 posts)
Donations (246 posts)
Deductions (3,824 posts)
Commission (1,054 posts)
Rental Income (973 posts)
Retirement (1,044 posts)
Dividends (1,047 posts)
Depreciation / Wear and Tear (353 posts)
Penalties (784 posts)
Travel Allowance (771 posts)
Audit / Verification (2,675 posts)
Tax Threshold (497 posts)
Foreign employment income (203 posts)
SARS & eFiling (2,108 posts)
Company Tax (2 posts)
Foreign Investment (1 posts)
PAYE & UIF (50 posts)
Source Code (2 posts)
Foreign Income (1 posts)
TaxTim in the Media (1 posts)
Tax Tables (3 posts)
Financial Literacy Series (3 posts)
Cryptocurrency (3 posts)
Auto-Assessments (1 posts)

Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.

New to Tax? Start Here

Living or Working Overseas

Earning Extra Income

Claiming & Deductions

SARS & eFiling

After You File

Company (Pty) Tax

Quicks Links

Retirement

How to do the tax calculation upon resignation?

Blog Categories

Ask TaxTim