Lump Sum Withdrawal Tax?

By Marc Sevitz · Updated

Paula

Paula said:
24 June 2015 at 13:41

Hi, If one has taken a lump sump withdrawal, and tax was paid on the lump sum amount, can the lump sum be included in the tax paid (ie on top of PAYE)
TaxTim Marc

TaxTim Marc said:
24 June 2015 at 14:57

No, this tax is full and final and does not get counted when you add up all your income and work out the relevant tax.