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


I am retrenched, how I can save money from my retrenchment package - provident fun?

Posted 2 May 2014

I am retrenched, how much of my severance package and provident fund will be taxed? I want to learn the basics of income tax as a freelance writer, what will be expected of me to be legal taxwise. What is an income tax return, when working part-time as a freelance writer in South Africa?

TaxTim Marc TaxTim Marc said:
2 May 2014 at 16:53

You can use our lump sum calculator to work out the tax on your provident fund withdrawal.

Working part time will require you to register as a provisional taxpayer and have to submit three returns a year. Your income can be reduced by expenses actually incurred in earning that income.

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.