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

Rebates on 740000

Posted 25 January 2016 under Tax Questions



Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
Nicky says:
23 January 2016 at 20:06

I have been taxed 740000 on pension lump sum. Will I get something when I claim tax this year?

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

TaxTimTaxTim says:
25 January 2016 at 21:21

The amount withheld on the pension payout is a tax on lump sums and subject to specific SARS tables - unfortunately this does not get included as part of any refund as it is a once off payment of tax so you won't get any part back when you file your tax return.


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 →