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


I have been retrenched in Feb 2012 and don't know how to do my tax?

Posted 7 July 2013

Will I be able to claim back on taxed amounts on my retrenchment package. What documentation do I need to submit to show my retrenchment in 2012.

TaxTim TaxTim says:
23 July 2013 at 10:06

You would only need your IRP5's as any lump sum from a fund would be taxed separately and you would have received a different IRP5 for that. Unfortunately you will not be able to claim anything back against this package.

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




Do your Tax Return in 20 minutes or less!

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.