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Rebates on 740000

Posted 25 January 2016

Nicky says:
23 January 2016 at 20:06

I have been taxed 740000 on pension lump sum. Will I get something when I claim tax this year?

TaxTim TaxTim says:
25 January 2016 at 21:21

The amount withheld on the pension payout is a tax on lump sums and subject to specific SARS tables - unfortunately this does not get included as part of any refund as it is a once off payment of tax so you won't get any part back when you file your tax return.

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