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


Lump Sum Withdrawal Tax?

Posted 29 June 2015

Paula says:
24 June 2015 at 13:41

Hi, If one has taken a lump sump withdrawal, and tax was paid on the lump sum amount, can the lump sum be included in the tax paid (ie on top of PAYE)

TaxTim TaxTim says:
24 June 2015 at 14:57

No, this tax is full and final and does not get counted when you add up all your income and work out the relevant tax.

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




Submit your tax return right here!

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.