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Calculation regarding lump sun withdrawal benefit?

Posted 28 September 2015 under Tax Questions

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Marilize says:
28 September 2015 at 12:24

How does the calculation work regarding lump sum withdrawal benefit (3920) from Sanlam Life Insurance Ltd and is the any deduction on that amount?

This entry was posted in Tax Questions and tagged , , , , . Bookmark the permalink.

TaxTimTaxTim says:
28 September 2015 at 16:22

Please make use of our Lump sum calculator to work out the tax due on your lumpsum. Your employee will need to apply for a tax directive when you withdraw and the net amount will be paid to you (and the tax due paid to SARS).


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