| Cumulative lump sums | Rate of tax |
|---|---|
| R0 to R550,000 | 0% |
| R550,001 to R770,000 | 18% of the amount above R550,000 |
| R770,001 to R1,155,000 | R39,600 + 27% of the amount above R770,000 |
| R1,155,001 and above | R143,550 + 36% of the amount above R1,155,000 |
| Cumulative lump sums | Rate of tax |
|---|---|
| R0 to R27,500 | 0% |
| R27,501 to R726,000 | 18% of the amount above R27,500 |
| R726,001 to R1,089,000 | R125,730 + 27% of the amount above R726,000 |
| R1,089,001 and above | R223,740 + 36% of the amount above R1,089,000 |
| Lump sum | Tax at retirement or retrenchment | Effective rate | Tax on withdrawal | Effective rate |
|---|---|---|---|---|
| R100 000 | R0 | 0.0% | R13 050 | 13.1% |
| R200 000 | R0 | 0.0% | R31 050 | 15.5% |
| R300 000 | R0 | 0.0% | R49 050 | 16.4% |
| R400 000 | R0 | 0.0% | R67 050 | 16.8% |
| R500 000 | R0 | 0.0% | R85 050 | 17.0% |
| R550 000 | R0 | 0.0% | R94 050 | 17.1% |
| R600 000 | R9 000 | 1.5% | R103 050 | 17.2% |
| R700 000 | R27 000 | 3.9% | R121 050 | 17.3% |
| R770 000 | R39 600 | 5.1% | R137 610 | 17.9% |
| R850 000 | R61 200 | 7.2% | R159 210 | 18.7% |
| R1 000 000 | R101 700 | 10.2% | R199 710 | 20.0% |
| R1 155 000 | R143 550 | 12.4% | R247 500 | 21.4% |
| R1 500 000 | R267 750 | 17.8% | R371 700 | 24.8% |
| R2 000 000 | R447 750 | 22.4% | R551 700 | 27.6% |
| R3 000 000 | R807 750 | 26.9% | R911 700 | 30.4% |
| R5 000 000 | R1 527 750 | 30.6% | R1 631 700 | 32.6% |
| Lump sums taken before | This lump sum | Tax on this lump sum | Tax-free portion still available |
|---|---|---|---|
| R0 | R400 000 | R0 | R550 000 |
| R150 000 | R400 000 | R0 | R400 000 |
| R300 000 | R400 000 | R27 000 | R250 000 |
| R550 000 | R400 000 | R88 200 | R0 |
| R800 000 | R400 000 | R112 050 | R0 |
Data maintained by TradeAnswers · updated as the figures change