Hide
Earn under R350,000? Click here to see why you still need to file to get your Tax Refund.
CLOSE
Get SARS Tax Deadlines in your Inbox
 

We'll tell you when you need to file, along with tax tips and updates.
Try Tim Now

Tax payable on GEPF resignation.

Posted 6 March 2016 under Tax Questions


Hi, I'm Tim!
I'll help you do your Tax Return with Confidence
Quickly, Easily
And Correctly
Do your Tax Online with Expert Help from Me, Step-by-Step.
LEARN MORE

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
Gabs says:
3 March 2016 at 7:20

If I resign from GEPF what is the tax on R2100000? I started contributing in 1984 for 32 years.

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

TaxTimTaxTim says:
3 March 2016 at 9:16

Please make use of our Lump sum calculator to work out what your take home and tax will be.


Gabs says:
3 March 2016 at 9:34

This calculator only works for retirement not resignation from GEPF. There is apparently a tax free portion from 1984 till 1998? Were can I find this information? Should I approach SARS?


TaxTimTaxTim says:
6 March 2016 at 18:15

When it comes to amounts earned before 1998 as a lumpsum then it may be best to call SARS as they would need to apply a different formula to this calculation.


Get SARS Tax Deadlines in your Inbox
 

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 →

Hi, I'm Tim!
I'll help you do your Tax Return with Confidence
Quickly, Easily
And Correctly
Do your Tax Online with Expert Help from Me, Step-by-Step.
LEARN MORE