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Zanele resigned from Golden Harvest Pension Fund on 31 March 2020. She received a lump sum of R700 000. An amount of R50 000 was
Zanele resigned from Golden Harvest Pension Fund on 31 March 2020. She received a lump sum of R700 000. An amount of R50 000 was not tax deductible in terms of section 11(k). She had previously resigned from two other funds: - a provident fund on the 30 June 2008 and from which she received a withdrawal benefit of R340 000; - a pension fund from which she resigned on 31 May 2009 and from which she received a withdrawal benefit of R1 200 000.Calculate the tax payable?
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