General
How much tax will I pay on my divorce settlement?
Question:
Hi, I withdrew my own pension fund before age 55. Its been paid out - I got divorced and I am going to get R 842 000 before tax. How much tax am I going to pay?
Answer:
You will pay tax of around R164 000, on your divorce settlement.
Join 50,000+ smart investors
Get valuable investment insights as well as access to webinars and podcasts on tax, retirement, and strategies to grow your wealth.
How can we 10X Your Future?
Begin your journey to a secure future with 10X Investments. Explore our range of retirement products designed to help you grow your wealth and achieve financial success.