I had a Provident Fund with my previous employer, I changed jobs in November 2012 and transferred the funds from the Provident Fund into a Retirement Annuity. I contributed towards the Retirement Annuity in my own capacity from November 2012 - February 2013. When asked to enter a Retirement Annuity contribution for the 2013 tax year, do I only need to enter the amount contributed from November 2012 - Feb 2013 or does the RA contribution amount also need to include the funds transferred from the Provident Fund as well?
The IRP5 should already be on your ITR12income tax return on eFiling. If it is not there then you must add the details on eFiling in order that everything is complete and accurate. Is there a directive code in the bottom right hand corner of this IRP5?
Confusedsays: 4 July 2013 at 6:52
There is a directive number on the bottom right hand side of the IRP5. The IRP5 is not on my ITR12income tax return on SARS efiling. Does this mean that it needs to I need to indicate this as an additional tax return on the efiling form and add the details?
TaxTimsays: 4 July 2013 at 22:28
Yes I would do that and then if SARS request supporting documentation you can send the document into them.
Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.