Example 2: R25,000 withdrawal for someone earning R380,000 a year = R16,750 after tax (R8,250 paid in tax) The tax calculator will be able to give a better indication of what a taxpayer will get ...

SPRINGFIELD - Lawmakers should reduce pension benefits for future state workers as a way to blunt the impact of a crushing $9 billion deficit, Gov. Pat Quinn and the Senate's ...

ALSO READ: Two-pot retirement system: 20% will have R0 to withdraw from their funds Tax implications for people earning less than the tax threshold. The tax implications for pension fund members ...