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

Posted 3 July 2015 under Tax Questions



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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?

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TaxTimTaxTim 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.


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