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Why is Annual Bonus and Annual leave allowance listed on PAYE 5 as other income

Posted 9 June 2016 under Tax Q&A
Angie says:
9 June 2016 at 14:35

Why is Annual Bonus and Annual leave allowance listed on PAYE 5 as other income if you are already taxed on your payslip when the annual bonus is being listed on your payslip?

This entry was posted in Tax Q&A and tagged . Bookmark the permalink.

TaxTim TaxTim says:
9 June 2016 at 14:59

As the annual bonus and annual leave allowances do not form part of your basic salary, these items must be disclosed separately on the PAYE 5 certificates.

By disclosing these items separately on the PAYE 5 certificate does not mean that you are taxed double on it. This is merely the paper showing the total income you received for the year, on which tax is calculated.

The purpose of the "other income" line item on the PAYE 5 certificate is so that you can declare the income received (other than the basic salary), such as the annual bonuses.


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