Hide
Earn under R350,000? Click here to see why you still need to file to get your Tax Refund.
CLOSE
Get Tax Deadline Reminders, News and Tips
 

We'll tell you when you need to file, along with tax tips and updates.
Try Tim Now

I was dismissed and my pension is around R26 000, so after tax how much will I get?

Posted 3 July 2014 under Tax Questions



Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
How much will I keep after being taxed R26 000 of my pension?

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

TaxTimTaxTim says:
3 July 2014 at 19:43

You will be taxed R180 on the lumpsum.


Mjobino says:
3 July 2014 at 20:00

I don't understand because they say you taxed 18% of your pension if it exceed R22 500. How much percentage R180 of R26 000?


TaxTimTaxTim says:
3 July 2014 at 23:53

The first R25 000 is tax free not R22 500 for all tax years after March 2014.


Mjobino says:
4 July 2014 at 3:01

Ok thanks.


TaxTimTaxTim says:
4 July 2014 at 11:28

Only a pleasure!


Get Tax Deadline Reminders, News and Tips
 

We'll tell you when you need to file, along with tax tips and updates.

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →