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Thomas says: 2 June 2015 at 10:33 Hi Tim, Last year up to July I was paying into an RA with Provider A. I then transferred this to another RA provider B. An amount of R109k was transferred to the new RA after a few deductions. I received a tax doc from Provider A for my contributions up to July. I also received a tax doc for my contributions from new Provider B. However I have just received a tax doc from Provider A stipulating the amount paid out (R109k) and logged against code 3698. This looks like I earned this amount which is not true as it was re-invested into an RA with Provider B. Is there any advice you have so that I don't get taxed on this as an extra income? |
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TaxTim says: 3 June 2015 at 6:55 Is there a number next to the tax directive block on the bottom right hand corner? |
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Thomas says: 3 June 2015 at 8:59 Yes there is a tax directive number at the btm right hand corner. I assume that this will answer to SARS as per tax involved. Thank You |
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TaxTim says: 5 June 2015 at 9:45 Yes, you will not be taxed extra on this amount then. Glad we could help! |
