Calculate how much tax you will pay when you retire and withdraw a lump sum from your Pension or Provident Fund

Calculate how much tax you will pay when you resign or withdraw before retirement (age 55) a lump sum from your RA, Pension- or Provident Fund

How is the tax calculated

Privident Fund

Pension Fund

Retirement Annuity

Preferred Compensation

At Retirement
The full amount can be taken as lump sum



At Retirement
Only 1/3 can be taken as lump sum. 
2/3 Must be invested to provide a income between 2.5% and 17.5%

At Retirement
Only 1/3 can be taken as lump sum. 
2/3 Must be invested to provide a income between 2.5% and 17.5%

Full amount can be taken.





Formula
Z=C+E-D

Z=Tax free amount
C=Amount Taken
D= Total tax free received from other funds
E = Previously disallowed own contributions.













Formula
Z=C+E-D

Z=Tax free amount
C=Amount Taken
D= Total tax free received from other funds
E = Previously disallowed own contributions.













Formula
Z=C+E-D

Z=Tax free amount
C=Amount Taken
D= Total tax free received from other funds
E = Previously disallowed own contributions.

















R30 000 less tax free lump sums previously received. Provided that :

recipient at least 55 ; or
termination due to superannuation, ill health or other infirmity;
or
termination due to employer ceasing business
or redundancy as a result of employer’s general reduction in personnel and, in the case of a company, the employee was not a director and shareholder with more than 5 % of ext