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How much tax will be deducted from my lumpsum payout.

Posted 25 September 2014

My resignation benefit is R265341,how much of this will I get out after tax has been deducted?

TaxTim says:
30 September 2014 at 20:51

Is it a severance package or your final pay amount or a lumpsum?

Curious says:
1 October 2014 at 7:20

It is a lumpsum Pension Payout.

TaxTim says:
2 October 2014 at 8:10

Please make use of our Lump sum calculator

This entry was posted in Tax Q&A and tagged Salary / IRP5, Deductions, Retirement. Bookmark the permalink.

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