What is the tax threshold for provident fund payouts?
By Marc Sevitz · Updated
I had 2 lump sum payouts ,company shares and provident fund pay,and I was taxed on both occasions, plus I was taxed on PAYE. I'm a bit confused. What is the tax threshold on provident fund and the shares payouts? The total for the lump sum was R200 000
The share payout will be subject to normal PAYE along with your salary. The provident fund is subject to the tables as per our Lump sum calculator