Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply
How do you currently do your tax?
SARS eFiling New to tax Tax Practitioner Auto-assessment TaxTim


Once off amount for Tax?



Stian said:
11 August 2015 at 11:07

If I get a lump sum of R110 000 how much tax will I pay? How do I pay the tax only next year or can I pay it when I get it?

TaxTim Marc TaxTim Marc said:
11 August 2015 at 17:06

Please make use of our lumpsum calculator to work out the tax you will pay.
Lump sum calculator

Whoever is paying you the lumpsum (i.e a Retirement Fund or your employer) will have to apply for a Tax Directive from SARS and then the lumpsum will be paid to you after paying the tax to SARS.

Stian said:
11 August 2015 at 20:23

thanks so much!

TaxTim Marc TaxTim Marc said:
11 August 2015 at 22:20

Only a pleasure!

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





Submit your tax return right here!
Get started

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Answer simple questions about your incomes and expenses. TaxTim does the rest. Just click click, submit.

Make tax easy

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.