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Should the company contributions be omitted on the IRP5 if you have resigned?

Posted 29 June 2015 under Tax Questions



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Sunflower says:
23 June 2015 at 11:32

I resigned in March this year (2015) and decided to withdraw my provident fund and reinvest it elsewhere. However, I received my IRP5 from my previous employer without the contributions that was made by the company for my provident fund for the last financial year (Feb 2014-Feb 2015). Is this correct? Should they leave it out because I withdrew my provident fund this year? Does it still affect last financial years contributions? Or should it still reflect the contributions for last financial year? As I resigned in March this year.

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TaxTimTaxTim says:
23 June 2015 at 12:02

Provident fund contributions are not tax deductible for the 2015 year, however should still appear on your IRP5. You need to ask your employer to correct your IRP5.


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