What tax is payable a lump sum withdrawl on pesreve policy
By Marc Sevitz · Updated
I have two preserve policies with liberty which have matured. I want to take the total out as a lump sum. What tax will I pay the values are R 452027 650610 ===R 1 102637
Are these retirement policies? (i.e. pension, provident or Retirement Annuities)
These are provident funds that paid out when I left the companies. But instead of drawing the funds when I left I put them into preserve funds with liberty.
Please make use of our Lump sum calculator to work out the tax payable.