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Overtaxed or what?

Posted 9 November 2015 under Tax Questions



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FancyFace says:
7 November 2015 at 21:57

Im unemployed I recently got divorced and I received R544 888. 90 as a settlement before tax deductions and after deductions it was R456 000 was I overtaxed or was it alright?

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TaxTimTaxTim says:
8 November 2015 at 16:40

Did the amount come from a retirement/pension fund?


FancyFace says:
8 November 2015 at 18:43

It came from Pension Fund


TaxTimTaxTim says:
9 November 2015 at 7:56

That is the correct amount taken off for tax. Please have a look at our Lump sum calculator to confirm.


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