FAQ Blog Calculators Students Logbook Contact
Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


Unemployed - tax on providend fund payout

Posted 7 July 2015

Dianne said:
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?

TaxTim Evan TaxTim Evan said:
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.

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




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.