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Tax deductable from pension

Posted 6 April 2016 under Tax Q&A
Lilly says:
6 April 2016 at 16:03

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

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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.


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