Tax on retirement lump sum

By Nicci Courtney-Clarke · Updated 25 February 2016

Jack said:
25 February 2016 at 11:06

Why deduct R130,000 36 % on retirement savings that exceed R1,050,000?

TaxTim Nicci said:
25 February 2016 at 12:24

That R130 000 relates to the tax that would be paid for amounts before the R1 050 000.