Question:
Please tell me how much tax am I going to pay and how much am I going to get,I'm resigning at the end of December that is 31December 2014,the figures are:R549,290,(October 31st,thank you looking forward to your reply
Answer:
Mr(s) Khanyile, If this is your first withdrawal from a retirement fund, you will pay tax of just under R94 372.
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.
