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Pension Fund Contributions

Posted 26 June 2016 under Tax Q&A
Andrew says:
26 June 2016 at 14:49

Under the "Retirement" section of the tax return on TaxTim, it says "Did you make monthly contributions to a Pension Fund, Retirement Annuity Fund or a Provident Fund OTHER THAN the contributions you already entered before?"

I am on a CTC and only contribute to a pension fund via my Employer. These contributions are therefore not reflected on my PAYE certificate. I have therefore not entered any contributions in the "PAYE 5 Employer Tax Certificate" section of TaxTim (referred to above). Do I now need to enter separately any contributions to the pension fund in the "Retirement" section?

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TaxTim TaxTim says:
26 June 2016 at 15:04

No additional entry is required, as the contributions as part of CTC reduces you taxable income every month. So the income declared has already been reduced.


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