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What is the tax on provident fund withdrawal?

Posted 18 April 2016

Brittles says:
17 April 2016 at 6:35

I applied for providend fund withdrawal of R66,000 on the 25th of Jan 2016. How much will I receive, after tax is being deducted?

TaxTim TaxTim says:
18 April 2016 at 11:26

Please make use of our Lump sum calculator to work out the after tax amount. This should be about R58 000 though.

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