Income tax on R120000 pension fund payout

By Marc Sevitz · Updated

I resigned from my previous company and requested that my pension fund pays out. the amount due to me is R120 000. how much income tax will I pay on this amount.
TaxTim Marc

TaxTim Marc said:
19 March 2014 at 12:11

You should be paying R17 100 in tax on the pension fund.