Can I get an IRP5 for state pension?

  Written by Marc   Posted 3 July 2014

Can you please advise me regarding the following:

My Mother-in-law is a SASSA Old Age Grant recipient, she also earns a very small pension from her late husband's pension fund. Her medical expenses uses up almost half of her income. Can she obtain a IRP5 for her state pension as well as the other small income and then submit a ITR12 form through eFiling? If so, where can she obtain a IRP5 for her SASSA grant?

Do I need an IRP5 Certificate for pension drawn out from previous employer?

  Written by Marc   Posted 3 July 2014

I resigned from my previous employer in November 2013 and I drew out my pension fund. I received an IRP5 certificate from them and also have one from my current employer. My question is should I expect to have two or three IRP 5 certificates including the pension fund one?

Penalty Fee Tax - medical aid

  Written by Marc   Posted 3 July 2014

i'm paying a penalty fee for my mom to be part of my medical aid. The amount is around R6 000.
1. should this be reflected in my IRP5?
2. if yes/no, there is a code on the tax submission of 4004. should this amount go on there?

Would I be getting some money back or pay in because of that?

Do I need a tax certificate from GEPF

  Written by Marc   Posted 3 July 2014

I resigned at the end of May 2013 from the government. I did receive my pension payment from GEPF. Do I need a tax certificate from GEPF to complete my tax return or is the tax directive enough

Pension fund withdrawal tax refund

  Written by Marc   Posted 2 July 2014

Can I get a tax refund from my pension fund withdrawal when I resigned and how does SARS work out how much you must be taxed on your lump sum?

IRP5 is incorrect

  Written by Marc   Posted 2 July 2014

Hi I hope you can help me. on my IRP5 my commission pension and medical aid and pay and car shows as code 3601. when I went to the bookkeeper he said it must be like that. what can I do in this case?

How to claim taxed monies from SARS?

  Written by Marc   Posted 2 July 2014

I was working in company from 2005 to 2012 March ,then I lost my job. My pension fund was paid out, SARS taxed my monies. I want to know how do I claim my monies from SARS.

Retirement Benefits

  Written by Marc   Posted 1 July 2014

I have a retirement annuity with my company through NMG. They pay half, I pay half. But now I don't see anything under Code 4006 on my IRP5? I have my details on my Retirement Benefits, should this be on the Tax Return? If so, how do I get it on the IRP5/ Return's Page on SARS eFiling?

UK State Pension on SARS eFiling?

  Written by Marc   Posted 1 July 2014

I believe that UK State Pension is not taxable income in South Africa. Is that true? In particular, is it necessary to mention it at all when doing SARS eFiling?

What are the tax benefits of pension fund contributions?

  Written by Marc   Posted 1 July 2014

If I paid more money in my pension can I claim it from my tax?

Provident Fund Contributions

  Written by Marc   Posted 1 July 2014

Hi. My provident fund contributions through my employer does not reflect on my Employee Tax Certificate.

It does however reflect as a sum on my payslip as at Feb 2014.

Do I include the provident fund amount listed under (4473) for the amount to be entered under (4006) on the tax return for retirement annuity contributions?

Thanks

What documents do I need as a 1st time IRP5 submitter?

  Written by Marc   Posted 1 July 2014

What documents do I need as a 1st time IRP5 submitter?

Can you withdraw fro the GEPF twice?

  Written by Marc   Posted 30 June 2014

I saw you answered earlier on that a tax directive will be approved for a first withdrawal from the GEPF, but I have already withdrawn before, (20 years ago) but have received all my money by then. Will this have an implication on my current resignation?

What does the final conclusion of reduced assessment mean to me as a taxpayer?

  Written by Marc   Posted 30 June 2014

I received a reduced assessment and the conclusion was that a certain amount was refundable to me but it never paid out SARS paid me amount from previous assessment what does the reduced assessment mean?

Taxation on profit for sole proprietor?

  Written by Marc   Posted 29 June 2014

NOTES: 1. Taxation R12 523 x18% = R2254.14 less rebate under 65 years R12 080 = R 0
am I correct with the above calculation or will I need to still pay the tax of R2254?

eFiling and Income Protection, what goes where?

  Written by Marc   Posted 27 June 2014

What option do I choose to claim for income protection

Severance pay - how do I show it on an IRP5?

  Written by Marc   Posted 25 June 2014

I need to pay severance pay - what IRP5 code should I use to ensure it is taxed correctly?

NRFI CODE 3698 on the IRP5?

  Written by Marc   Posted 25 June 2014

My question is about code 3698 with the same amount that appears on code 3601,what does that amount on code 3698 mean? Is it the money I'm going to receive or what? Please help me understand these terms.

Will having a few policies affect my tax return?

  Written by Marc   Posted 24 June 2014

Which policies affect tax payments?

Outstanding tax returns deceased 87 year old.

  Written by Marc   Posted 21 June 2014

My 87 year old father passed away in Feb 2014. The executor of the estate told me that they can't finalize estate because he hasn't submitted tax returns since 2010. All documents I have is his bank statements. He was a retired farmer and did not receive a pension. What should I do?

Employer's Personal Tax Return

  Written by Marc   Posted 19 June 2014

How would you complete your personal tax return if you left employment in November 2013; started your own business and contributed out of your own pocket for your Retirement Annuity and Medical Aid from December 2013 until end of 2014 Tax Year. You have also not drawn a fix salary the last 3 months of the 2014 Tax Year. You have also contributed 100% capital towards your business.

How much will be due to tax if I get R1 900 000 when I have an early retirement

  Written by Marc   Posted 5 June 2014

How much will be due to tax if I get R1 900 000 when I have an early retirement?

Are investment funds still taxed at marginal rates for early retirees?

  Written by Marc   Posted 2 June 2014

If I retire before the age of 65, using only investment income from interest earned on funds saved in the bank, would I still pay tax at the existing marginal rates? Or, would I qualify for a lower tax rate?

How much tax it is for gross of R11 211,50 with pension contribution of R720.00

  Written by Marc   Posted 29 May 2014

If I get a gross salary of R11211.50 with pension contribution of R720.00 what will be or rather what is suppose to be my monthly tax payment?

Claiming back for lump sum tax?

  Written by Marc   Posted 26 May 2014

Can I claim back money if I collected a lump sum for provident/pension fund when I was dismissed?
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