Should I correct my IRP5 myself or submit it as received?
By Marc Sevitz · Updated
My employer loaded code 4005 as the amount that I contributed, and code 3810 the amount that the employer contributed. I thought code 4005 is supposed to be the total amount that goes to the medical aid or am I wrong?
The sum of the two amounts was then loaded to codes 4116 and 4497. I believe this is another mistake. Should I correct it myself or submit it as received?
The sum of the two amounts was then loaded to codes 4116 and 4497. I believe this is another mistake. Should I correct it myself or submit it as received?
The employer needs to correct it as follows:
4005 - the total contribution ie the cash that leaves your salary to pay for the medical
3810 - the employer contribution only which is part of that amount in 4005
4474 - equal to 3810
4116 - the medical credit which is R257 per month for the first two members and R171 per month for any others.
4005 - the total contribution ie the cash that leaves your salary to pay for the medical
3810 - the employer contribution only which is part of that amount in 4005
4474 - equal to 3810
4116 - the medical credit which is R257 per month for the first two members and R171 per month for any others.