SOURCE CODE DESCRIPTIONS IRP5 code 4472

Deduction codes

In the electronic file IRP5 code 4472 is used for: Employer’s pension fund contributions paid for the benefit of employee, excluding the value of code 4585.
· This code is not applicable with effect from the 2010 to 2016 years of assessment and must not be included in any other code.
· Valid from 2006 to 2009 and from the 2017 years of assessment.
Not applicable from 2010 to 2016.

The prescribed Length of IRP5 code 4472 in the electronic file is: N15

The abbreviations used within the description of the relevant codes mean:
• PAYE: Income is subject to the deduction of Employees’ Tax and will also be taxed when the income tax assessment for the employee is processed.
• IT: Income is not subject to the deduction of Employees’ Tax but will also be taxed when the income tax assessment for the employee is processed.
• Excl: Income is not subject to the deduction of Employees’ Tax and will also not be taxed when the Income Tax assessment for the employee is processed.
• Excl/PAYE: Depending on the circumstances described in the legislation, the income is either subject to both PAYE and Income Tax, or it is excluded from both PAYE and Income Tax