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@@MotherElephant7 Thanks for your input, much appreciated.

Thanks for the message, SARS is a public beneficiary with all the major banks. You need to go to public beneficiary and search for the SARS product you want to pay and then use the payment reference number as indicated on your SARS statement of account. Let us know if you have any other questions or if you still don't come right. 066 086 6065

@@mindful-rl7np its best to visit your nearest branch in such a case for some manual intervention on SARS side.

@@mapulemokgophi9980 Thanks for the message. Please refer to the link below for tax tables indicating how income for individuals is taxed. All individuals need to submit their tax returns. www.sars.gov.za/tax-rates/income-tax/rates-of-tax-for-individuals/

Thanks for the message. It would depend on which line item the lump sum is showing on. However, note that the IRP5 is essentially a summary of your PAYE earning during the year of assessment.

It's Says Pension & Retirement Annuity Fund Lump Sum (Deceased)

@@AprilMax-p2j We can have a look and advice, contact 066 086 6065.

@@mlexamm When reaching retirement one can take all or some of what is in the Savings Pot as a cash lump sum (subject to tax) and use the Retirement Pot to buy a pension. If the amount of the Vested Pot (balance from 31 August 2024) that must be annuitised plus the Retirement Pot is less than R165 000, one may withdraw the full amount.

@@simbacaned You’re welcome!

@@XoliThela578 🙏🏾🙏🏾

Thank you so much!

@@paulinethabisile4356 You can reach out to us for assistance with VAT registration. 066 086 6065

Thanks for the question. I am not aware of SARS charging service fees. What type of service fees?

Greetings, thanks for the message. You will need to contact the 1st employer for the 2017 and 2018 IRP5s and you will also need to contact your 2nd employer for the 2018 and 2019 IRP5s Because the tax year of assessment runs from 01 March to 28 February each year you will have multiple IRP5s for 2018 based on the info you provided above.

@@firstplacetv8483 All done and sorted Tumza Thank you. Last question. If my ITSA show balance -XXXXX.00 but the Account Balance on the home page show R0.00 what does that mean?

Okey I am in the same boat I do Telecoms and have worked for 4 different companys since 2017 I have done my taxes because I thought the company is responsible for that 😅 I need help

@@roje777 The company is not responsible for employees individual taxes. We can engage further on how we can assist. 066 086 6065

You mean auto assessed for 2024? You still need to submit the outstanding return. Note that you may incur admin penalties for the outstanding return so better to attend to that ASAP.

@@lethabomeje6607 Thank you so much!

Greetings, as soon as the bank details are verified, SARS will issue correspondence and if all is in order you should get it fairly soon thereafter.

Great stuff, looking forward to hearing from you soon! 😃 066 086 6065

@@athingxazozo208 Yes they should do so when they do the 2023/24 annual employer reconciliations for the whole company. You can request it from them.

I have been working with Company since 2016 January till April 2024,he don't want to give me IRP5, now I need your advice from you, please 🙏 what can I do

@@JohannesMasemola Thanks for the message. Do you know if the company is registered with SARS? Were statutory deductions withheld from your monthly salary?

💯💯 RA contributions definitely have a tax benefit!

Thank you so much!

Thanks for the question. If you changed jobs in July 2023 then you will see the two IRP5s when you do the 2024 Year of Assessment return (29 Feb 2024). You will only see one IRP5 from the old employer on the 2023 Tax return (28 February 2023). Keep in mind the tax year for individuals runs from March to February in South Africa.

You will have to submit your tax return to find out if you owe SARS or they owe you. An IIRP5 summaries the taxes withheld by your employer during the tax year.

Thank you so much. Happy to help.

Yeah things can escalate quickly with #SARS

Thank you so much 🙏🏾

Unfortunately SARS will still require that you pay the amount due to them if that is the case🤷🏾

Thanks for the feedback.

Welcome 😊

We would be happy to assist, please reach out office@firstplace.co.za / 066 086 6065.

Thanks for the feedback.

Good day, thanks for the message. I will need further clarity on your question. Please feel free to direct to office@firstplace.co.za

Thanks for the question, your chosen year end for the company may have an impact so it may be worth checking your compliance status once you are confirmed as a representative to be 100% certain.

We are based in Randburg here in JHB but we operate nationwide. Reach out and we will see how to assist.

We may have to look into this to further understand. reach out and we will see how to assist. WhatsApp/Call 066 086 6065

Thanks we will consider that.

Is Shaun covering for you? Are you not the same guy from the previous videos?

@@TurbangstudiosTV Thanks for the message. Yes i am the one on the other videos, Shaun is part of our team at FirstPlace and our team members cover different topics from time to time. 🙏

@@tumelomakgakga7523 Bro, you do a great job at explaining this complicated SARS stuff. Please make more videos, my brother. I can help even. Let's connect.

Good day, thanks for the message. Yes we do assist with tax returns. Contact details: Call/WhatApp 066 086 6065 / Email: tumelom@firstplace.co.za Thank you

Thanx for the information Mr Makgakga sir.I have learned a lesson bases on that.My story is little bit painful.I was working at the bank,from 2010 until 2014,then 2015 SARS send me an sms saying I owe them a lot of money.Yhooo,I was shocked that how can it be?

@@petrusmonyeki4441 We may have to look into this to further understand. reach out and we will see how to assist. WhatsApp/Call 066 086 6065

Thank you so much!

Thank you so much!

Thanks for the message. Rather contact them and inquire to avoid suprises later.