Mat­ter of fact

Finweek English Edition - - FEEDBACK - Lump sum Tax rate

We pub­lished an out­dated tax ta­ble in our 19 Fe­bru­ary edi­tion with the ar­ti­cle Re­tire­ment an­nu­ity on steroids. Please see the cor­rect tax ta­ble be­low. We re­gret the er­ror.

<R500 000 R500 001R700 000 R700 001R1 050 000

R1 050 001+

Nil 18% of the amount over R500 000 R36 000 + 27% of the amount over R700 000 R130 500 + 36% of the amount over R1 050 000

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