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

What tax is payable a lump sum withdrawl on pesreve policy

Posted 2 February 2016 under Tax Questions

Let TaxTim
help you
submit your
Tax returns!




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 →
Timmy says:
2 February 2016 at 7:29

I have two preserve policies with liberty which have matured. I want to take the total out as a lump sum. What tax will I pay the values are R 452027 650610 ===R 1 102637

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

TaxTimTaxTim says:
2 February 2016 at 11:02

Are these retirement policies? (i.e. pension, provident or Retirement Annuities)


Timmy says:
2 February 2016 at 11:28

These are provident funds that paid out when I left the companies. But instead of drawing the funds when I left I put them into preserve funds with liberty.


TaxTimTaxTim says:
2 February 2016 at 21:14

Please make use of our Lump sum calculator to work out the tax payable.


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 →

Let TaxTim
help you
submit your
Tax returns!




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