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Will I pay 18% and 36% for lump sum of 542000. Or only 18% tax?

Posted 11 May 2015

Dewi said:
24 April 2015 at 21:44

On resignation from goverment. Will I be taxed 18% after 25000 and 36% if remainder exceed 393000 when my lump sum is 542000

TaxTim Marc said:
28 April 2015 at 9:04

Please make use of our Lump sum calculator to work out how much tax you should be paying on a lumpsum.

This entry was posted in Tax Q&A and tagged Salary / IRP5, Retirement, Tax Threshold. Bookmark the permalink.

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Will I pay 18% and 36% for lump sum of 542000. Or only 18% tax?

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