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John says: 9 July 2015 at 15:30 I retired at the end of February 2015. My Medical Aid contribution was paid by my company for the tax year 1 March 2014 to 28 Feb 2015. The company also paid for March, April and May 2015 and have added this amount onto my IRP 5 source code 3810 for the 2014/2015 tax year. Should these months value, which fall in the 2015/2016 tax year not be declared in the tax year they were paid? |
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TaxTim says: 10 July 2015 at 8:27 No, they should provide a new IRP5 for you, or if you are over 65 then these are not taxable contributions. |
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John says: 10 July 2015 at 13:10 Thanks Gents for the prompt answer, most appreciated. |
