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


How is retirement fund lump sum withdrawal benefit calculated

Posted 6 April 2016

RC says:
6 April 2016 at 8:50

How is lumpsum code 3920 calculated

TaxTim TaxTim says:
6 April 2016 at 11:04

Special tax tables are applied to withdrawal of a lumpsum. These are different from the normal tax tables applied to your salary.

Did you withdraw following retirement? Or early (i.e before age 55 years)?

Please also see our Lump sum calculator

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.