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What tax is payable a lump sum withdrawl on pesreve policy

Posted 2 February 2016

Timmy says:
2 February 2016 at 7:29

I have two preserve policies with liberty which have matured. I want to take the total out as a lump sum. What tax will I pay the values are R 452027 650610 ===R 1 102637

TaxTim TaxTim says:
2 February 2016 at 11:02

Are these retirement policies? (i.e. pension, provident or Retirement Annuities)

Timmy says:
2 February 2016 at 11:28

These are provident funds that paid out when I left the companies. But instead of drawing the funds when I left I put them into preserve funds with liberty.

TaxTim TaxTim says:
2 February 2016 at 21:14

Please make use of our Lump sum calculator to work out the tax payable.

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