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Tax on retirement lump sum

Posted 25 February 2016

Jack said:
25 February 2016 at 11:06

Why deduct R130,000 36 % on retirement savings that exceed R1,050,000?

TaxTim Nicci said:
25 February 2016 at 12:24

That R130 000 relates to the tax that would be paid for amounts before the R1 050 000.

This entry was posted in Tax Q&A and tagged Salary / IRP5, Deductions, Retirement. Bookmark the permalink.

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