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CODE 4001 opposed to CODE 4002

Posted 30 May 2016 under Tax Q&A


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Alison says:
30 May 2016 at 15:06

Under your retirement heading you mention a code 4002 for pension fund contributions. I do not have 4002 but 4001 as my pension fund contribution on my IRP5.

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TaxTim TaxTim says:
30 May 2016 at 15:34

The 4001 code is for current pension funds, 4002 is for older pension fund that you pay for in this year. If you don't have 4002 then don't worry about it. The 4001 for pension from your IRP5 is already taken into account and does not need to be completed elsewhere in the tax return so we do not ask about it.


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