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Income Tax Act, 1962 (Act No. 58 of 1962)

Regulations

Regulations in terms of paragraph 12D(5)(b) of Seventh Schedule to the Income Tax Act, 1962

5. Content of contribution certificate

 

 

A contribution certificate must contain—

(a) the year of assessment in respect of which the contribution certificate is issued;
(b) the name and such details as are necessary to identify the fund that issues the certificate;
(c) the name and such details as are necessary to identify the employer in respect of whose employees the contribution certificate is issued;
(d) the fund member category in respect of which the certificate is issued;
(e) the defined contribution, defined benefit and underpin components for which members of that fund member category may become eligible in terms of the rules of the fund, and the number of the fund rule in respect of which members become entitled to each benefit component;
(f) the composition of the fund member category factor in respect of the defined contribution component factor, defined benefit component factor, underpin component factor and risk benefit component factor of which that fund member category factor is comprised;
(g) the composition of the actual contributions in respect of employer and employee contributions; and
(h) the fund member category factor for the fund member category in respect of which the contribution certificate is issued.