Blog Q&A Calculators Students Logbook Contact
Earn under R350,000?Click here to see why you still need to file to get your Tax Refund.
CLOSE
Maximum Tax Refund 2017

  Make Tax Returns Quick & Easy.
  First time users SAVE 15%!

Click here

If the company my husband works for is liquidates. How does his provident fund payout work?

Posted 23 September 2015 under Tax Q&A


Let TaxTim
help you
submit your
Tax returns!


TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Get started

Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
Kirsty says:
22 September 2015 at 8:45

If the company my husband works for is liquidates. How does his provident fund payout work. He has been with the company for 25 years and the total amount in the "kitty" both portions is R2 800 000. How can we work out how much we will actually get out if they liquidate. Can we apply for a tax directive?

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

TaxTim TaxTim says:
23 September 2015 at 17:37

The provident fund should be completely separate from the company and held by a bank or financial institution so should not affect your payout.


Get SARS Tax Deadlines in your Inbox
 

We'll tell you when you need to file, along with tax tips and updates.

Blog Categories


Let TaxTim
help you
submit your
Tax returns!


TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Get started

Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!