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Am I eligible for 2nd one third tax free payment?

Posted 29 January 2016

Hanny says:
29 January 2016 at 17:45

I was retrenched at age 54. One third tax free amount paid out to me. Started working again for another company after 4years. A contribution towards a provident fund was paid in by new company when I started work again after 4years. I am now 69 years of age and retire by end March 2016. Will I be entitled for another one third tax free payment?

TaxTim TaxTim says:
29 January 2016 at 19:15

Provident Fund payments you will be entitled to take the full amount out.

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