Question
Chade retired on 31 July 2023. The value of her pension fund was R6 000 000. She decided to take the maximum lump sum upon
Chade retired on 31 July 2023. The value of her pension fund was R6 000 000. She decided to take the maximum lump sum upon retirement and used the balance to purchase an annuity.
Calculate the retirement tax payable for Chade at retirement:
| A. | R1 468 999
| |
| B. | R639 478
| |
| C. | R472 500
| |
| D. | R1 912 500 |
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South Western Federal Taxation 2017 Comprehensive
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young
40th Edition
1305874161, 978-1305874169
