RPWilliams Posted January 30, 2019 Report Share Posted January 30, 2019 Hi everyone I'm investigating the financial emigration process and I have a couple of questions around the taxation of the withdrawals from RA's. I have a couple of RA's that individually fall under the "(27% of lump sum exceeding R660,000 + R114,300)" bracket but together, but exceed that when combined. Would the tax on withdrawal be calculated individually or as a single withdrawal? (Does it matter that the two RA's are with different financial institutions?) Thanks in advance for any constructive information Regards Ricardo Williams Quote Link to comment Share on other sites More sharing options...
Hugo2 Posted January 30, 2019 Report Share Posted January 30, 2019 Good morning from Cape Town Each fund is calculated individually yet the tax table is a once in a life time aggregate table It often happens that on the directive they calculate to slow tax rate but on assessment the aggregate and you need to pay in So in short the tax rate is one calculating the aggregate over a life time lump sums from retirement funds, resignation lump sums and often leave pay lump sums Welcome to inbox me as I do formal emigrations Quote Link to comment Share on other sites More sharing options...
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