Question:
i started working for the health dept in 1996/03/01, my pensiion is sitting at 1400 000.00. how much will i be taxed. is the anything like penalty to be paid if you resign.
Answer:
Mathepana,
You will pay tax of just under R300 000. You do not incur a penalty if you resign.
The information and answers supplied in this section do not constitute advice as defined by the Financial Advisory and Intermediary Services Act, 37 of 2002.
