Question $2$

$[31$ Marks$]$

During the $2022$ year of assessment, Luyanda resigned and withdrew R$2000000$ from his pension fund. He transferred $50\%$ of this pension fund to a pension preservation fund. During the $2023$ year of assessment, Luyanda received a withdrawal benefit of R$380000$ from the pension preservation fund. During the $2024$ year of assessment, she retired and received a retirement benefit of $R800000.$

Required:

Calculate the tax payable by Luyanda for the following years of assessment: Show all your calculations

In the $2022$ year of assessment

$7$ marks

In the $2023$ year of assessment

$11$ marks

In the $2024$ year of assessment

$13$ marks