Timone retired on 30 November 2021 at the age of 67. On retirement, he received the following amounts: A lump sum amount of R69 000 from his employer. A lump sum of R975 000 from his provident fund. While he was a member of the provident fund, contributions of R323 000 were not deductible for income tax purposes. On 30 November 2019, Timone received a lump sum amount of R590 000 from a retirement annuity fund he was a member of. He reached retirement age in terms of the annuity contract. REQUIRED: Calculate the tax payable on the lump sums received by Timone on 30 November 2021.