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Should I correct my IRP5 myself or submit it as received?

Posted 25 August 2015 under Tax Questions



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MrFrodo says:
25 August 2015 at 12:50

My employer loaded code 4005 as the amount that I contributed, and code 3810 the amount that the employer contributed. I thought code 4005 is supposed to be the total amount that goes to the medical aid or am I wrong?
The sum of the two amounts was then loaded to codes 4116 and 4497. I believe this is another mistake. Should I correct it myself or submit it as received?

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TaxTimTaxTim says:
25 August 2015 at 16:18

The employer needs to correct it as follows:

4005 - the total contribution ie the cash that leaves your salary to pay for the medical
3810 - the employer contribution only which is part of that amount in 4005
4474 - equal to 3810
4116 - the medical credit which is R257 per month for the first two members and R171 per month for any others.


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