FAQ Blog Calculators Students Logbook Contact
Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


Tax on Severance Pay?

Posted 21 October 2014

how do you tax Severance Payment?

TaxTim TaxTim says:
21 October 2014 at 23:58

What are the conditions of the payment?

Pitso says:
22 October 2014 at 6:32

Retrenchment

TaxTim TaxTim says:
23 October 2014 at 8:02

You would use the Lump sum calculator if it were a lumpsum. If it is part of your normal salary then it would be taxed on the normal tax tables.

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




Submit your tax return right here!
Get started

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund
Answer simple questions about your incomes and expenses. TaxTim does the rest. Just click click, submit.

Make tax easy

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.