What amount will be tax free if I withdraw out of this fund now?

By Nicci Courtney-Clarke · Updated

Tinus

Tinus said:
9 March 2016 at 12:36

My wife passed away 27/12/2015. She did receive on retirement 25/02/2010 lump sum of R 378 634. Tax free portion R300 000 and balance was taxed. 2/3 invested into retirement fund.
TaxTim Nicci

TaxTim Nicci said:
9 March 2016 at 22:30

Are you planning on withdrawing the entire amount?
Tinus

Tinus said:
10 March 2016 at 14:14

What will the tax be on the whole amount?

What part will be totally tax free?
TaxTim Nicci

TaxTim Nicci said:
11 March 2016 at 6:51

If this amount was then transferred to you on death, then it will be taxed according to the tables again, however tax paid previously will be deducted.