Once off amount for Tax?
By Marc Sevitz · Updated
If I get a lump sum of R110 000 how much tax will I pay? How do I pay the tax only next year or can I pay it when I get it?
Please make use of our lumpsum calculator to work out the tax you will pay.
Lump sum calculator
Whoever is paying you the lumpsum (i.e a Retirement Fund or your employer) will have to apply for a Tax Directive from SARS and then the lumpsum will be paid to you after paying the tax to SARS.
Lump sum calculator
Whoever is paying you the lumpsum (i.e a Retirement Fund or your employer) will have to apply for a Tax Directive from SARS and then the lumpsum will be paid to you after paying the tax to SARS.
thanks so much!
Only a pleasure!