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Will SARS payout the same amount of my provident fund?

Posted 7 July 2015

Ranjeni says:
7 July 2015 at 10:38

Hi I just want to know, I received a lump sum pay-out from my provident fund and then received a IRP5 to submit to SARS, just wanted to know if the same amount will be paid out to me by SARS again.

TaxTim TaxTim says:
7 July 2015 at 10:41

No the same amount will not be paid out, that is just the administrative record of the payout and the taxes paid to SARS.

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