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Tax payable on GEPF resignation.

Posted 6 March 2016 under Tax Q&A


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Gabs says:
3 March 2016 at 7:20

If I resign from GEPF what is the tax on R2100000? I started contributing in 1984 for 32 years.

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

TaxTim TaxTim says:
3 March 2016 at 9:16

Please make use of our Lump sum calculator to work out what your take home and tax will be.

Gabs says:
3 March 2016 at 9:34

This calculator only works for retirement not resignation from GEPF. There is apparently a tax free portion from 1984 till 1998? Were can I find this information? Should I approach SARS?

TaxTim TaxTim says:
6 March 2016 at 18:15

When it comes to amounts earned before 1998 as a lumpsum then it may be best to call SARS as they would need to apply a different formula to this calculation.


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