Unsure about source codes 3697 and 3698
By Evan Robinson · Updated
If I have the below amounts on my IRP 5:
75,000. 00 - 3601
90,610. 00 - 3616
Would it fall under the following codes on my IRP 5 if the company does not deduct any retirement benefits bearing in mind that I was first a contractor from Mar - Aug.
75,000. 00 - 3697
90,610. 00 - 3698
Does these codes get taxed differently?
75,000. 00 - 3601
90,610. 00 - 3616
Would it fall under the following codes on my IRP 5 if the company does not deduct any retirement benefits bearing in mind that I was first a contractor from Mar - Aug.
75,000. 00 - 3697
90,610. 00 - 3698
Does these codes get taxed differently?
Those codes are only totals and used for SARS' benefit for other reasons - you don't have to worry about these, they are automatically calculated on your IRP5.