Does previous pension withdrawal have impact on tax calculation on one third payout on retirement?
By Marc Sevitz · Updated
I drew R250 000 from my pension fund when I moved companies a few years ago and placed funds in a Pension Preserver. Must this figure be added to my one third withdrawal for calculation of tax when I retire?
A different calculation is used for when you withdraw from a retirement fund pre-retirment age compared to at retirement age.
Please use our Lump sum calculator to compare the two different tax calculations.
Please use our Lump sum calculator to compare the two different tax calculations.