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Once off amount for Tax?

Posted 11 August 2015 under Tax Q&A


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Stian says:
11 August 2015 at 11:07

If I get a lump sum of R110 000 how much tax will I pay? How do I pay the tax only next year or can I pay it when I get it?

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TaxTim TaxTim says:
11 August 2015 at 17:06

Please make use of our lumpsum calculator to work out the tax you will pay.
Lump sum calculator

Whoever is paying you the lumpsum (i.e a Retirement Fund or your employer) will have to apply for a Tax Directive from SARS and then the lumpsum will be paid to you after paying the tax to SARS.

Stian says:
11 August 2015 at 20:23

thanks so much!

TaxTim TaxTim says:
11 August 2015 at 22:20

Only a pleasure!


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Need help
submitting your
Tax returns?


TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

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!

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