Lump Sum Tax Rates

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

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