Glassock

Retirement, retrenchment or death lump-sum taxation

TAXABLE INCOME RATE OF TAX
R0 - R500 000 0%
R500 001 - R700 000 18% of each R above R500 000
R700 001 - R1 050 000 R36 000 + 27% of each R above R700 000
R1 050 001 and above R135 500 + 36% of each R above R1 050 000

Withdrawal, resignation or dismissal lump-sum taxation

TAXABLE INCOME RATE OF TAX
R0 - R25 000 0%
R25 001 - R660 000 18% of each R above R25 000
R660 000 - R990 000 R114 300 + 27% of each R above R660 000
R990 001 and above R203 400 + 36% of each R above R990 000

IMPORTANT NOTICE:

GLASSOCK CLIENT DATA PROTECTION: We are committed to the protection and integrity of all client information that we receive within the prescribed legislation and framework of the Protection of Personal Information (POPI) Act 2013 and amendments. We work closely with all our stakeholders to test and ensure the ongoing protection of all client information. We acknowledge the possibility of cyber threats, to us and the financial services industry as a whole, and will continue to be vigilant and apply our policies and procedures to protect your personal information.