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PAYE on retrenchment.

Posted 23 September 2015

Blondi said:
18 September 2015 at 12:32

Do you deduct PAYE when an employee is being offered a retrenchment package.

TaxTim Marc TaxTim Marc said:
20 September 2015 at 15:52

Are you referring to the retrenchment package or his remaining salary?

Blondi said:
21 September 2015 at 8:34

The retrenchment package....thank you.

TaxTim Marc TaxTim Marc said:
23 September 2015 at 17:57

The package would be subject to the tax tables as per the Lump sum calculator which you can use to work out the tax.

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