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tome My modules > Faculty of Business and Economic Sciences? Department of Business Management > EBF402/EBFD4li: Personal AETIREMENT PLANNINC - Nov 202 Question 1 Flag
tome My modules > Faculty of Business and Economic Sciences? Department of Business Management > EBF402/EBFD4li: Personal AETIREMENT PLANNINC - Nov 202 Question 1 Flag question Consider the information based on Natasha Romanoff and answer the questions that follow. Natasha Romanotf is 65 years old and she retired from her provident preservation fund on 1 March 2022 . The total retirement fund eredit that accrued to her is R4500000 and she elected to take half of the lump sum in cash. She previously retired from a retirement annuity on i March 2008 and received a lump sum of R750 000. Natasha divorced her husband Bruce Banner in December 2015 and was entitied to half of his pension fund credit. 5 he recelved RT2O 000 . Natasha resigned from her previous employment in 5 eptember 2008 and received a withdrawal benefit of R660 000 As Det sllF. R280 000 of her contributions to retirement funds were not allowed as a deduction She also owes arreass income tax of R2900 Ditermine the taxable lump sum and the tax payable on the taxable lump sum tor the cutrent year of assessmont. tome My modules > Faculty of Business and Economic Sciences? Department of Business Management > EBF402/EBFD4li: Personal AETIREMENT PLANNINC - Nov 202 Question 1 Flag question Consider the information based on Natasha Romanoff and answer the questions that follow. Natasha Romanotf is 65 years old and she retired from her provident preservation fund on 1 March 2022 . The total retirement fund eredit that accrued to her is R4500000 and she elected to take half of the lump sum in cash. She previously retired from a retirement annuity on i March 2008 and received a lump sum of R750 000. Natasha divorced her husband Bruce Banner in December 2015 and was entitied to half of his pension fund credit. 5 he recelved RT2O 000 . Natasha resigned from her previous employment in 5 eptember 2008 and received a withdrawal benefit of R660 000 As Det sllF. R280 000 of her contributions to retirement funds were not allowed as a deduction She also owes arreass income tax of R2900 Ditermine the taxable lump sum and the tax payable on the taxable lump sum tor the cutrent year of assessmont
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