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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?

This entry was posted in Tax Q&A and tagged , , . Bookmark the permalink.

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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help you
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 Avoid penalties
 Maximise your refund

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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!