SOURCE CODE DESCRIPTIONS IRP5 code 3828

Fringe benefit codes

In the electronic file IRP5 code 3828 is used for: Employee’s debt: Employer paid Retirement Annuity Fund contributions (PAYE). Value of taxable benefit i.r.o. Employer retirement annuity fund contributions paid on behalf of employee (payment of employee’s debt). Code 3878 MUST only be used for a taxable benefit i.r.o. of Employer contributions to a local fund while on foreign service. This code is valid from the 2017 year of assessment.

The prescribed Length of IRP5 code 3828 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