Good day everyone
Our company does the following:
Once any employee is employed for 6 months they join our group RA Scheme where the company contributes 100% (R1000) on behalf of the employee into the funds bank account end of the month
Previously this was not loaded on payslips and employees could only claim the benefit with their personal tax assessments in July
Now I have added this to their payslips from a tutorial i found (Page 6 of attachment), does this now mean all employees need to pay this RA themselves to the fund or can the company
continue to pay on their behalf into the funds account every month
I need to ensure this is captured correctly as I don't want to mess up their assessments (some employees have almost the exact benefit of R1000 a month more on their nett pay since i loaded this on payslips)7532.Retirement Annuity.pdf