Question:
Hi, I withdrew my own pension fund before age 55. Its been paid out - I got divorced and I am going to get R 842 000 before tax. How much tax am I going to pay?
Answer:
Simone, You will pay tax of around R164 000, on your divorce settlement.
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.
