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I was dismissed and my pension is around R26 000, so after tax how much will I get?

Posted 3 July 2014

How much will I keep after being taxed R26 000 of my pension?

TaxTim TaxTim says:
3 July 2014 at 19:43

You will be taxed R180 on the lumpsum.

Mjobino says:
3 July 2014 at 20:00

I don't understand because they say you taxed 18% of your pension if it exceed R22 500. How much percentage R180 of R26 000?

TaxTim TaxTim says:
3 July 2014 at 23:53

The first R25 000 is tax free not R22 500 for all tax years after March 2014.

Mjobino says:
4 July 2014 at 3:01

Ok thanks.

TaxTim TaxTim says:
4 July 2014 at 11:28

Only a pleasure!

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