My husband passed away earlier this year.His pension was 4.1mil .i had an option of either buying an.annuity for 3.6mil and taking out the 550 000 tax free or paying the 1.1 mil tax and taking the 2mil950thousand lumpsum cash.

I paid the tax and took the lumpsum of 2mil950thousand and fixed it in a fixed deposit that pays me out monthly

My sister lives overseas and i thot maybe one day i might want to relocate..and with an annuity i would not be able to take the money with.

Bit now ive.been reading that i will be very heavely taxed by sars on the income from the.fixed deposit.Im so worried .Please can someone be able to tell me what percentage sars might tax me.Im 38yrs old and ive been a.housewife for the past 17yrs.this will be my only income.i have no children or dependants.