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Resignation

Posted 14 January 2016 under Tax Questions



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Lizelle says:
14 January 2016 at 14:31


If my retirement fund is standing at 63000 and I resign how much will I get out? Thats including company contributions. Its not my first time I resign from a company. And what if the company contributed group life insurance? Will I get out less than 30000?

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TaxTimTaxTim says:
14 January 2016 at 15:27

Please make use of our lumpsumLump sum calculator to work out tax payable should you decide to withdraw from the retirement fund prior to age 55. You need to also add in the previous withdrawal amount and then take the tax paid on that off what you need to pay now to arrive at the final figure.


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