FAQ Blog Calculators Students Logbook Contact
Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


What is the tax amount

Posted 1 March 2016

Manie says:
29 February 2016 at 8:28

I work for Government and turn 60 on 20-3-2016 and want to go on pension - what will be my best option and what will my tax be on my lump sum of R1 326 018 and monthly pension annuity of R 29 928

What will my tax be on my resignation benefit of R 4 675 300

TaxTim TaxTim says:
1 March 2016 at 0:35

Please make use of our Lump sum calculator to work out the amounts. Do you have both a retirement and pension fund?

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




Submit your tax return right here!

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

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.