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How do I insert the income protection contribution 4018 on my income tax return?

Posted 28 October 2013 under Tax Questions



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After entering information on eFiling for my tax return and saving it my tax calculator result is not reflecting my income protection contribution...is it code 4018 under deductions cause that it what I am saving it under??

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TaxTimTaxTim says:
28 October 2013 at 15:17

You need to click yes to the wizard question of "do you contribute to a retirement annuity fund" then in that section which comes up in the return you would enter the Income Protection amount. Do you have the policy through your employment and it appears on your IRP5?


TP says:
28 October 2013 at 15:27

Thanks TaxTim!! I clicked yes and the section appeared and entered and saved again but still does not show on tax calculation??
employer does not pay for the policy...


TP says:
28 October 2013 at 15:36

Thanks!! Figured it out!!


TaxTimTaxTim says:
28 October 2013 at 15:37

What was the problem?


TP says:
28 October 2013 at 15:39

Had to press calculate while the return was still open otherwise it only shows your previous calculation if u want to look at it after u saved and look at issued returns to calculate! :-)


TaxTimTaxTim says:
29 October 2013 at 12:52

Glad it all got sorted out!


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