Code for severance for voluntary retrenchment severance pay?

By Marc Sevitz · Updated

Skoppie

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.