Tax on resignation from Provident Fund

By Nicci Courtney-Clarke · Updated

JULEZ

JULEZ said:
23 February 2016 at 15:59

What tax will be due on an amount of R138 500.00 when I resign from a Provident Fund?
TaxTim Nicci

TaxTim Nicci said:
23 February 2016 at 23:01

Please make use of our Lump sum calculator to work out the tax. Remember to first take off all the contributions and then work out the tax on the balance.