- Mr Van Rooyen is 41 years of age. He resigned from his present employer on 31 May of the current year. An amount of R800 000 was paid from his employer's pension fund of which R70 500 was never allowed in terms of section 11F, (current pension fund contribution) as deductions when calculating his taxable income over the years. He spent R160 000 on an overseas trip and invested the rest in shares on the JSE. He also received a salary of R40 000 from the employer that he resigned from. He received R300 000 from his new employer (Assume these amounts to be the taxable portion of the salaries). The total amount of employee's tax withheld from both employers amounted to R52 000. Required: 1. Calculate the tax payable on his lumpsum upon the resignation from his employer. 2. Calculate the normal tax liability on his income tax