Rebates on 740000

By Marc Sevitz · Updated

Nicky

Nicky said:
23 January 2016 at 20:06

I have been taxed 740000 on pension lump sum. Will I get something when I claim tax this year?
TaxTim Marc

TaxTim Marc said:
25 January 2016 at 21:21

The amount withheld on the pension payout is a tax on lump sums and subject to specific SARS tables - unfortunately this does not get included as part of any refund as it is a once off payment of tax so you won't get any part back when you file your tax return.