Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply
How do you currently do your tax?
SARS eFiling New to tax Tax Practitioner Auto-assessment TaxTim


What is the taxation on the gratuity lump sum and on the annuity for medical retirement-GEPF?



AK said:
27 October 2015 at 11:43

I belong to GEPF and was medically boarded. What is the taxation on the gratuity lump sum and on the annuity?

TaxTim Marc TaxTim Marc said:
28 October 2015 at 6:44

The lumpsum received, is this from the pension fund or part of a disability payment?

AK said:
28 October 2015 at 10:25

Yes from government employees pension fund.

TaxTim Marc TaxTim Marc said:
28 October 2015 at 21:24

The annuity will be taxed similar to normal income earned. The lumpsum will be subject to tax based on the Lump sum calculator

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




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.