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Tax on retirement lump sum withdrawal

Posted 30 October 2015

Gary says:
30 October 2015 at 8:54

I received a retirement lump sum benefit (withdrawal) in 2015 tax year of R 630 000. I have been taxed R 193 902. 08 which I do not think is correct. Please can you advise what tax should be paid?

TaxTim TaxTim says:
30 October 2015 at 8:54

Please make use of our Lump sum calculator to work out what the tax would have been.

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