Provident fund taxation

Posted 17 May 2015

I have withdrawn my provident fund of R138,000. 00 how much tax am I expected to pay.

Do I need a tax number and do I have to file a tax return?

Posted 17 May 2015

I am a pensioner and permanent resident (German nationality) since 1996. My wife and I lived from our savings, never had any earnings in South Africa and therefore never registered for taxes. In 2000 my wife got breast cancer and her treatment negatively influenced our savings. I therefore started consulting work outside South Africa in Zimbabwe, Kenya and Saudi Arabia. I was always more than 1 year working in these countries but never more than 2 years. I am now 71 years of age and got a contra...

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Will I pay 18% and 36% for lump sum of 542000. Or only 18% tax?

Posted 11 May 2015

On resignation from goverment. Will I be taxed 18% after 25000 and 36% if remainder exceed 393000 when my lump sum is 542000

Total tax on R 1 400 000, 00 FULLY WIDRAWN from pension fund on resigning of a 46 year old

Posted 11 May 2015

If I am 46 years old and resign from my work and withdraw in cash my pension totalling R1 400 000, how much taxi will I pay?

List of codes required for an ITR12?

Posted 11 May 2015

List of source codes

Tax deduction on payout of R580 000, 00

Posted 11 May 2015

How much tax in rand will be deducted from a pension payout of R580, 000, 00?

Am I entitled to a tax refund?

Posted 30 April 2015

I got a pension payout from the ex husband as it was in the agreement SARS taxed me R9500 on the amount paid to me

Tax free portion of lumpsum?

Posted 30 April 2015

If you retire -up to what amount is tax free

How do I get taxed on my provident fund if I volunteer for the retrenchment package.

Posted 30 April 2015

How do I get taxed on my provident fund if I volunteer for the retrenchment package.

Possible tax on resignation benefit of R721263?

Posted 30 April 2015

What is the estimated tax on resignation benefit of R721 263?

How much will I get when I resign: R546 000.00 lump sum?

Posted 30 April 2015

I dont understand the SARD 18% and 36% calculations. How much will I get when I resign:R546 000. 00 lump sum

I've resigned ill be getting R169.00 how much will be deducted

Posted 21 April 2015

I was working at a school as a general worker I've resigned in 28/02/2015 approximately my pension lump sum is R169. 000 I would like to know how much will be deducted.

What is the maximum amount a pensioner can earn from investments to avoid provisional tax?

Posted 21 April 2015

I am 73. I earn a pension of R237600 pa before tax. I get rental income on investments of R15000 pa. Do I have to pay provisional tax?

How does my salary get taxed?

Posted 21 April 2015

Hello , I am 37 years old and my annual salary is R160000 and travel allowance R40000 I a traveling roughly equal for business and private distance and contributing R14000 pension fund (out of my salary earnings) what is my tax deduction from my monthly salary?

Tax on pension withdrawal - what will I pay?

Posted 21 April 2015

What amount is non-taxable when you withdraw your pension?

I would like to find out the total interest included in my taxable income?

Posted 6 April 2015

Hi, Please can you tell me if I am beneficiary of a trust under 65 years and my only income is local interest of 21500 and foreign interest of 2750 received from the trust how much will be the total interest included in my taxable income

Will I be receiving anything after submitting my tax certificate?

Posted 6 April 2015

I have received a tax certificate from my previous employer. So this is my first time submiting to SARS. I received an sms stating that the amount due by me is R0,1 and I was selected for audit. On the certificate under 'income received' there is a substantial amount of over R50,000 under 'gross non-retirement fund income'. My question is what does that mean and will I be getting any thing.

Do I get taxed on pension fund lump sum if i'm being retrenched?

Posted 6 April 2015

Im being retrenched and would like to take my pension in lump sum . Will I be taxed on it? and what other advice to you have on wrt to tax on retrenchment package. Can I get a refund on the tax when I to tax return in July?

Submission Date for ITR12 to SARS?

Posted 6 April 2015

I started working for a employer last year (October 2014) and only became full employed on Jan 2015. When would my tax submission be? On being fully employed I gained medical aid and pension fund.

What is the non-taxable amount in respect of interest received in 2015/2016?

Posted 6 April 2015

What is the non-taxable amount in respect of interest received in 2015/2016?

Tax on UK pensions for expats who are resident in South Africa?

Posted 6 April 2015

I am a 49 year old UK citizen with a national health service pension and a private pension (SIPP). I am planning to emigrate to South Africa and (being married for 7 years to a South African Citizen) become a South African citizen. We plan to work and then retire in South Africa. As I will no longer be a UK resident my pensions will be paid gross of UK income tax. How will the lump sums and monthly payments be taxed in South Africa?

Transfer balance of lump sum to living annuity. Is there tax involved?

Posted 18 March 2015

I am retiring now on 63 First R500000 of Lump sum is tax free. If I ask my company to transfer balance of Lump sum that is R400000 to a Alan Gray living annuity. Will there be any tax deducted.

Payment: retirement withdrawal - net of tax?

Posted 17 March 2015

When I receive a retirement withdrawal benefit is it paid after or before tax is deducted?

Tax enquiry on lump sums?

Posted 17 March 2015

I am retiring this year on age 63 My lump sum will be R1 132 179 - How much tax will be deducted?

How does contributing 100% to provident fund to employees impact the company?

Posted 16 March 2015

What impact does the employer experience when they contribute 100% provident fund for employees?
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