How much tax do I pay on my retirement fund R 75000.00?

By Marc Sevitz · Updated

TaxTim Marc

TaxTim Marc said:
15 May 2013 at 12:29

Was this due to you retiring or due to an early withdrawal?
Mike

Mike said:
15 May 2013 at 15:00

Due to an early withdrawal.
TaxTim Marc

TaxTim Marc said:
15 May 2013 at 16:22

On an early withdrawal you would pay tax of: R9 000 as the first R22 500 is tax free and thereafter the remainder up to R600 000 would be taxed at 18%. In your case the remaining R50 000.
Retirement