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Confuse to being taxed so much and not getting anything back from provident

Posted 13 July 2015

Wanie says:
13 July 2015 at 10:47

Why don't I get a tax refund from my provident fund seeing that I'm still unemployed my fund is @ R132300 I get taxed R19000 on it and what do I get back?

TaxTim TaxTim says:
13 July 2015 at 13:36

You don't get back money from a lumpsum payment - these are taxed once off and no refund is available.

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