Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


Overtaxed or what?



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?

TaxTim TaxTim 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

TaxTim TaxTim 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.

This entry was posted in Tax Q&A and tagged , , . Bookmark the permalink.




Submit your tax return right here!

TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

Get started

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.