|
Tinus said: 9 March 2016 at 12:36 My wife passed away 27/12/2015. She did receive on retirement 25/02/2010 lump sum of R 378 634. Tax free portion R300 000 and balance was taxed. 2/3 invested into retirement fund. |
|
TaxTim Nicci said: 9 March 2016 at 22:30 Are you planning on withdrawing the entire amount? |
|
|
Tinus said: 10 March 2016 at 14:14 What will the tax be on the whole amount? What part will be totally tax free? |
|
|
TaxTim Nicci said: 11 March 2016 at 6:51 If this amount was then transferred to you on death, then it will be taxed according to the tables again, however tax paid previously will be deducted. |
