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


Tax payable on retrenchment for person below age 55 years

Posted 14 April 2016

Confused says:
14 April 2016 at 8:51

I am below 55 years of age and am being retrenched. My Lumpsum is R519,000-00 what is my tax payable

TaxTim TaxTim says:
14 April 2016 at 9:20

Please make use of our Lump sum calculator to work out what your tax amount would be.

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




Submit your tax return right here!

TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund
Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

Get started

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.