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Unsure about source codes 3697 and 3698

Posted 8 July 2015

Leon said:
8 July 2015 at 9:44

If I have the below amounts on my IRP 5:

75,000. 00 - 3601
90,610. 00 - 3616

Would it fall under the following codes on my IRP 5 if the company does not deduct any retirement benefits bearing in mind that I was first a contractor from Mar - Aug.

75,000. 00 - 3697
90,610. 00 - 3698

Does these codes get taxed differently?

TaxTim Evan TaxTim Evan said:
8 July 2015 at 11:16

Those codes are only totals and used for SARS' benefit for other reasons - you don't have to worry about these, they are automatically calculated on your IRP5.

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