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Jaki says: 11 May 2015 at 21:58 How much will I get from SARS after been taxed R199999 from my rovident fund |
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TaxTim says: 12 May 2015 at 8:52 What was the lumpsum amount in total that you were paid out before tax? |
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Jaki says: 12 May 2015 at 9:00 The amount was around 940000 before tax |
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Jaki says: 12 May 2015 at 9:01 Very helpful |
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TaxTim says: 12 May 2015 at 9:02 Unfortunately tax on lumpsums is once off and not refundable so you will not receive anything back. So your full and final payout is R740 001. |
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Jaki says: 12 May 2015 at 9:09 Thanks but I was told you get a bit from what you were taxed |
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TaxTim says: 12 May 2015 at 9:11 I am not sure who told you that, but it is incorrect. Lumpsums are taxed on a special table which is full and final. |
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