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Difference between source code 4001 and 4002?

Posted 22 October 2015 under Tax Questions



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Dominique says:
21 October 2015 at 16:41

The retirement form questions on TaxTim ask if I have code 4002 on my IRP5. I don't have 4002 (ARREAR PENSION FUND CONTRIBUTIONS), but I have 4001 (CURRENT PENSION FUND CONTRIBUTIONS).

Can I not claim for this contribution?

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TaxTimTaxTim says:
22 October 2015 at 6:38

No, unfortunately these are two different deductions. If you see 4001 on your IRP5 then this will be taken into account on the IRP5 section. You will still receive the benefit.


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