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Was the wrong amount deducted

Posted 10 September 2015

Retha says:
10 September 2015 at 7:52

How do I calculate pension tax deduction after I received my money for 2011 according to SARS I owe them. The amount was R144817. 27 they deduct 21687. 285

TaxTim TaxTim says:
10 September 2015 at 15:14

Tax should be 18% on the amount above R22,500. This would equal R22,017.06 on a lumpsum of R144,817.27.

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