If e.g. an amount of R1.2m is withdrawn from pension is the R203400 added to the last tax portion?

By Marc Sevitz · Updated

Ikes

Ikes said:
18 February 2016 at 21:04

What does R203 400 36% mean in the pension withdrawal tax table?
TaxTim Marc

TaxTim Marc said:
19 February 2016 at 14:12

Please make use of our Lump sum calculator to work out tax payable on your pension withdrawal