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Unemployed - tax on providend fund payout

Posted 7 July 2015 under Tax Questions



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Dianne says:
7 July 2015 at 13:12

I've resigned last year, received my provident fund. On my paper it stated on my employees tax deduction - non-refund PAYE. What does that mean?

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TaxTimTaxTim says:
7 July 2015 at 13:59

That means that SARS takes tax on the lumpsum received, but this cannot be refunded to you regardless of your other tax deductions.


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