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What is the meaning of the term "Rating Percentage" as found on the ITA34?

Posted 25 February 2014 under Tax Q&A


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What is the meaning of the term "Rating Percentage" as found on the ITA34?

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TaxTim TaxTim says:
26 February 2014 at 13:39

Lump sum are taxed according to specific tables depending on whether the payout was due to retirement or early withdrawal. That rating percentage was what used to apply under the old system, but is not applicable anymore.


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