Good day JeanDP. Thank you for making contact with us on the Sage City forum. I have found the following information to assist you with your query and this information is available on our Knowledge Base via this link How do I capture a Private Retirement Annuity on the payroll? (sage.com). Our in app digital assistant Pegg was also able to provide information. (where Pegg is applicable)

However, if the full value for Tax Year 2022 has to be captured in February, then yes, you will process it a -12000 Times 1.  Then as from March, if it should be a R1000 a month, you will process it as -1000 Times 12.

Remember to search to our Knowledge Base and ask Pegg as information is available there 24/7.

Please let us know whether this has assisted you in solving this query.

Baie dankie. Ek het op die knowledge base link ook afgekom maar die beantwoord wel my vraag.

Groete