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Tax on pension payout?

Posted 21 November 2013

I am thinking of resigning. My current pension stands at about R1, 375 000-00. What will the tax be on the payout?

TaxTim Marc said:
21 November 2013 at 8:26

The tax will be R312 750 if you resign and withdraw your pension fund unless it is due to retirement.

This entry was posted in Tax Q&A and tagged Salary / IRP5, Retirement. Bookmark the permalink.

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