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Cash Receipts in lieu of benefits

Posted 19 November 2015

Bobstein says:
19 November 2015 at 8:31

Is the cash part of your salary received in lieu of benefits taxed? (usually when you are a contract worker)

TaxTim TaxTim says:
19 November 2015 at 11:53

Yes, if it is classified as salary on your IRP5 then it will be taxed the same as the rest of your salary per the normal tax tables.

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