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TAX RATE ON PENSION FUND

Posted 4 October 2016 under Tax Q&A
CADO says:
4 October 2016 at 14:42

At what tax rate will I pay when I am retrench by my company and the pension fund pays out my pension?

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TaxTim TaxTim says:
4 October 2016 at 15:39

You will need to obtain a tax directive from Inland Revenue to state the tax rate. Normally the Pension Fund will administer this process - inquire, of necessary, from your fund to obtain the tax directive.


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