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Tax penalty on fund payout?

Posted 4 February 2015

I'm currently waiting for my provident fund money payout, but i'm owing SARS 20 thousand rand, so are they gonna take their money from provident or they will wait for me to pay it?

TaxTim Marc said:
5 February 2015 at 8:18

They will ask the fund to deduct it from the fund before payout.

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

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