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Lisa says: 10 March 2016 at 18:18 How much am I supposed to pay to tax man when I withdraw from an investment my mother left me |
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TaxTim says: 11 March 2016 at 6:41 What sort of investment is it? |
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Lisa says: 11 March 2016 at 6:57 Its a living annuity. My mother took a tax free amount when she took her money - now she passed on. When I withdrew R120 000 from the investment, I only got R82 000. |
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TaxTim says: 11 March 2016 at 7:01 Did they provide you a tax directive? The amounts seems too high, please ask the fund to explain how they calculated this amount. |
