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Tax on resignation from Provident Fund

Posted 23 February 2016 under Tax Q&A


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JULEZ says:
23 February 2016 at 15:59

What tax will be due on an amount of R138 500.00 when I resign from a Provident Fund?

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

TaxTim TaxTim says:
23 February 2016 at 23:01

Please make use of our Lump sum calculator to work out the tax. Remember to first take off all the contributions and then work out the tax on the balance.


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235 DAYS
LEFT OF
TAX SEASON
2017


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