Tax deductable from pension

Lilly says:
6 April 2016 at 16:03

My pension payout is expected when I resign, how much tax will be deducted?

This entry was posted in Tax Q&A and tagged , . Bookmark the permalink.

TaxTim TaxTim says:
6 April 2016 at 17:18

Please note that your pension fund will need to obtain a tax directive from Inland Revenue where they determine at what rate the pension will be taxed. Please contact you Fund Administrators. Inland Revenue will normally apply the tax rate at which you have been taxed in the past.

Get Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.