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Severence package tax free amount

Posted 13 May 2016

Nicky says:
13 May 2016 at 9:37

I have received a severance package in the 2012 tax year. Were the tax tables in existence then and would I have gotten the R 500 000 tax free amount already.

TaxTim TaxTim says:
13 May 2016 at 16:17

They were yes, the tax free portion then was R300 000.

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