Lump sum tax rates

Enter Your E-mail Address
Enter Your First Name (optional)
Then

Don't worry — your e-mail address is totally secure.
I promise to use it only to send you Dryk Holdings Newsletter.


Below the lump sum tax rates for withdrawals as well as retirement or retrenchments.


Tax tables on a lump sum withdrawal :


R 0 – R 25,000                                       -  Lump sum tax free

R 25,001 - R 660,000                              -  18% of the amount above R 25,000

R 660,001 - R 990,000                            -  R 114,300 plus 27% of the amount above R 660,000

R 990,001 and above                              -  R 203,400 plus 36% of the amount above R 990,000



Tax tables on a lump sum retirement :


R 0 – R 500,000                                                 -  Lump sum tax free

R 500,001 - R 700,000                                         -  18% of the amount above R 500,000

R 700,001 - R 1,050,000                                      -  R 36,000 plus 27% of the amount above R 700,000

R 1,050,001 and above                                        -  R 130,500 plus 36% of the amount < R 1,050,000

Contact us here for any tax related services