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Lerato says: 24 November 2015 at 8:02 Have resigned (under 50 years old) and need some cash flow. I transferred the provident funds from employer to a preservation fund account. How much tax will I pay if I make a withdrawal of a portion of the funds? |
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TaxTim says: 24 November 2015 at 11:33 Is the preservation fund also a provident fund? |
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Lerato says: 24 November 2015 at 13:28 Yes, the preservation account is a provident fund as well. |
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TaxTim says: 24 November 2015 at 14:21 You will pay tax according to the Lump sum calculator tables. |
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