Severence package tax free amount

By Nicci Courtney-Clarke · Updated

Nicky

Nicky said:
13 May 2016 at 9:37

I have received a severance package in the 2012 tax year. Were the tax tables in existence then and would I have gotten the R 500 000 tax free amount already.
TaxTim Nicci

TaxTim Nicci said:
13 May 2016 at 16:17

They were yes, the tax free portion then was R300 000.