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IRP5 what must I do now?

Posted 21 June 2013

In January 2013 I received my share of my ex husbands pension fund a lump sum where the tax was deducted. I received my IRP5 now. What must I do? what forms must I fill in and how would I know if I am going to maybe receive something back from SARS?

TaxTim Marc TaxTim Marc said:
23 June 2013 at 20:35

You will find this IRP5 on your tax return when you go onto the eFiling profile to submit your tax return. However as this was a lump sum payment you get taxed according to a table and so should not receive any money back from the tax paid on this amount.

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