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Income tax on R120000 pension fund payout

Posted 18 March 2014

I resigned from my previous company and requested that my pension fund pays out. the amount due to me is R120 000. how much income tax will I pay on this amount.

TaxTim Marc TaxTim Marc said:
19 March 2014 at 12:11

You should be paying R17 100 in tax on the pension fund.

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