Hide
Earn under R350,000? Click here to see why you still need to file to get your Tax Refund.
CLOSE
Get Inland Revenue Tax Deadlines in your Inbox
 

We'll tell you when tax season is open and when it closes. Nothing more.
Try Tim now

Pension Fund Contributions

Posted 26 June 2016 under Tax Questions

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?

This entry was posted in Tax Questions and tagged , . Bookmark the permalink.

TaxTimTaxTim 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.


Get Inland Revenue Tax Deadlines in your Inbox
 

We'll tell you when tax season is open and when it closes. Nothing more.