You do not need to declare the maintenance received - it is not taxable.
Please make use of our Lumpsum calculator to work out the tax you will pay on your pension withdrawal. Lump sum calculator
Your employer will apply for a Tax Directive from SARS when you withdraw a lumpsum and the amount will be paid to you net of the tax (with the tax paid to SARS). You will receive an IRP5 which will reflect the lumpsum payout and related tax. The IRP5 details will be reflected in your tax return.
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