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Tax deduction from pension payout

Posted 25 July 2015 under Tax Q&A


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Sharon says:
25 July 2015 at 13:50

I have been employed since 1992. I took a departmental transfer to SAPS in 1995. I did not receive my pension paid from 1992 so I have 23 years service. I want to resign end October 2015. The sum to be paid is R125,9374.40. How much will I be taxed and how much will I get out after tax?

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TaxTim TaxTim says:
25 July 2015 at 13:54

Please make use of our Lump sum calculator to work out how much your tax will be.


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