How much tax will I pay on my pension payout?

Question:

How much tax will I pay on my pension payout of about 344 000?

Answer:

Mrs M, You will pay tax of R57,420, if this is your first withdrawal from a retirement fund.

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.

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Topic: Customer Questions

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