What is an IRP5 Tax Certificate? (Bonus point at the end)

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  • เผยแพร่เมื่อ 3 ธ.ค. 2024

ความคิดเห็น • 22

  • @nompumelelorihlampfu9731
    @nompumelelorihlampfu9731 6 หลายเดือนก่อน +3

    This is helpful. It actually answers questions I had about the whole IRP5 document. Thank you

    • @firstplacetv8483
      @firstplacetv8483  6 หลายเดือนก่อน

      Thank you so much. Happy to help.

  • @credenceresidentialpropert8835
    @credenceresidentialpropert8835 6 หลายเดือนก่อน +1

    Thanks for sharing

  • @celeayanda4150
    @celeayanda4150 4 หลายเดือนก่อน +1

    Thanks for this informative post. Please advise if you have an outstanding return for 2023 however you had been auto assessed for the year 2023.

    • @firstplacetv8483
      @firstplacetv8483  4 หลายเดือนก่อน

      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.

  • @AprilMax-p2j
    @AprilMax-p2j 2 หลายเดือนก่อน +1

    Hi my IRP5 has an Limp sum what does it mean?

    • @firstplacetv8483
      @firstplacetv8483  2 หลายเดือนก่อน +1

      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.

    • @AprilMax-p2j
      @AprilMax-p2j 2 หลายเดือนก่อน +1

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

    • @firstplacetv8483
      @firstplacetv8483  2 หลายเดือนก่อน

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

  • @sifisofidonhlapo638
    @sifisofidonhlapo638 5 หลายเดือนก่อน +1

    What do i do if the IRP5 that shows on the SARS efilling website is from the previous employer and the new IRP 5 from the new employer doesnt show on the website? Changed jobs from July 2023

    • @firstplacetv8483
      @firstplacetv8483  5 หลายเดือนก่อน

      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.

  • @siphoowen2801
    @siphoowen2801 4 หลายเดือนก่อน +1

    Ola Tumza look man, if SARS request my outstanding returns of 2017 and my IRP5/IT3 information is missing on my efiling profile who to call from my Employors
    1st Employer i worked from
    4 July 2016 - 29 Sep 2017
    2nd Employer i worked from
    2 Oct 2017 - 30 Sep 2018
    Who to call between the two Employers to inquire about the missing information?

    • @firstplacetv8483
      @firstplacetv8483  4 หลายเดือนก่อน +3

      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.

    • @siphoowen2801
      @siphoowen2801 4 หลายเดือนก่อน

      @@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?

    • @roje777
      @roje777 2 หลายเดือนก่อน +1

      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

    • @firstplacetv8483
      @firstplacetv8483  หลายเดือนก่อน +1

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

  • @athingxazozo208
    @athingxazozo208 5 หลายเดือนก่อน +2

    I was employed for 12 by my previous employer (Started 1st March 2023 until end of Feb). I have another employer now. Will my previous employer submit my IRP5 tax certificate?

    • @firstplacetv8483
      @firstplacetv8483  5 หลายเดือนก่อน

      @@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.

    • @JohannesMasemola
      @JohannesMasemola 4 หลายเดือนก่อน +1

      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

    • @firstplacetv8483
      @firstplacetv8483  4 หลายเดือนก่อน

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

  • @xolanithusi7088
    @xolanithusi7088 5 หลายเดือนก่อน +1

    How to check on the IRP5 if your owing Sars or sars is owing you and how much you'll get?

    • @firstplacetv8483
      @firstplacetv8483  5 หลายเดือนก่อน +3

      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.