Be aware of tax you'll pay on severance package
Your final package may include notice pay, severance pay and a gratuity
26 April 2020 - 00:05
Economists are predicting that between 350,000 and 1-million people could lose their jobs as a result of the Covid-19 pandemic and the subsequent nationwide lockdown to curb the spread of the disease.
If you are among the many who may be retrenched, it is good to know what tax you can expect to pay...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.