Penalties for not submitting tax for pension payout
By Evan Robinson · Updated
Corne said: 15 July 2015 at 11:50
Hi Tim, I received pension payout from divorce settlement in 2014. SARS deducted their share. I didn't submit IRP5 last year. My question is, the money is now finish. Will SARS penalise me if I submit this year? I am working but my income is below the threshold.
TaxTim Evan said: 15 July 2015 at 13:49
No, they will have taken tax once off already and that is full and final.
