Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


Should there be amounts for source codes 4005 and 4006 if there are no employer contributions?



Dylan says:
3 July 2015 at 10:31

I pay my own medical aid premiums every month, as well as contributing to my own retirement annuity. However, on my IRP5 from a former employer I do have amounts for source codes 4005 and 4006. I only worked for this particular employer for just over two months, and it appears that the full amounts for my medical aid and RA are included in this section of my IRP5.

Is this an error? To be clear: the employer did not make ANY contribution to my medical aid or retirement annuity. And if it is an error, what do I do now?

TaxTim TaxTim says:
3 July 2015 at 10:32

That is incorrect completely, that 4005 code is when the amount comes from salary before it is paid into your bank account. The same with 4006. Your employer needs to correct this and resubmit.

This entry was posted in Tax Q&A and tagged , , . Bookmark the permalink.




Submit your tax return right here!
Get started

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Answer simple questions about your incomes and expenses. TaxTim does the rest. Just click click, submit.

Make tax easy

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.