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Is income tax reduced at age 55 for early retirement

Posted 2 March 2016 under Tax Questions



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Edpie says:
2 March 2016 at 11:02

Does early retirement at age 55 reduce income tax in any way

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

TaxTimTaxTim says:
2 March 2016 at 11:04

No unfortunately not unless you withdraw from a fund.


Edpie says:
2 March 2016 at 11:08

I am withdrawing from government employees pension fund at age 58.


TaxTimTaxTim says:
2 March 2016 at 12:29

Then you will be subject to the first R500 000 of your lumpsum withdrawal being tax free and the rest subject to tables as per the Lump sum calculator


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