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


Does previous pension withdrawal have impact on tax calculation on one third payout on retirement?

Posted 14 December 2015

IEWS says:
14 December 2015 at 16:20

I drew R250 000 from my pension fund when I moved companies a few years ago and placed funds in a Pension Preserver. Must this figure be added to my one third withdrawal for calculation of tax when I retire?

TaxTim TaxTim says:
14 December 2015 at 20:01

A different calculation is used for when you withdraw from a retirement fund pre-retirment age compared to at retirement age.
Please use our Lump sum calculator to compare the two different tax calculations.

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




Submit your tax return right here!

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 →

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.