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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 TaxTim says:
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.

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