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Code for severance for voluntary retrenchment severance pay?

Posted 23 June 2015

Skoppie said:
18 June 2015 at 7:48

I have paid a severance amount to an employee that took voluntary retrenchment. What code do I use on the IRP5? The value is not very high, as the person worked for just over a year.

TaxTim Marc TaxTim Marc said:
19 June 2015 at 7:50

You would use source code 3901.

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