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Provident fund value not reflected on IRP5

Posted 6 October 2015 under Tax Questions



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SP says:
5 October 2015 at 13:49

My IRP5 does not reflect my provident fund value. Please advise if the new ruling is that no tax on provident funds be deducted by employer. Year/2014/2015. I have a huge amount to now settle SARS

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TaxTimTaxTim says:
6 October 2015 at 7:26

This is correct, provident fund deductions will kick in for the next tax year beginning 1 March 2016.


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