Lump sum on IRP6

By Alicia Human · Updated

Ivan

Ivan said:
13 February 2017 at 13:48

Am I supposed to include my pension lump sum on my IRP6?
Also, how should this income be reflected on the annual income tax return?
TaxTim Alicia

TaxTim Alicia said:
14 February 2017 at 9:53

Kindly exclude the lump sum amount and the tax amount from your IRP6.
This income will be under your IRP5 section on your annual tax return as a separate IRP5 with any tax that you might have paid already.