FAQ Blog Calculators Students Logbook Contact
Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


Tax implications on dread disease payout

Posted 3 November 2015

Ali says:
2 November 2015 at 8:49

With a Dread disease policy payout, will I have to pay tax on the amount paid out to me?

TaxTim TaxTim says:
3 November 2015 at 9:41

No you will not, this amount will be free of tax.

Ali says:
3 November 2015 at 9:45

Thank you

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




Do your Tax Return in 20 minutes or less!

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!

Get started

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.