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Tax at retrenchment

Posted 22 July 2015

Ignoramus says:
22 July 2015 at 17:18

I'm being retrenched and will be receiving a lump sum from my Provident fund and my pension fund. How do I get taxed on that? My monthly income is R25 000.00 gross.

TaxTim TaxTim says:
22 July 2015 at 17:19

Please make use of our Lump sum calculator to see what the tax on the lumpsum is.

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