SARS source codes for lump sum withdrawals

More than one SARS source code can be applicable to lump sum withdrawals where a tax directive has been applied for, dependant on the reason for the lump sum withdrawal.

To add different lump sum source codes go to System->PAYE lump sum codes

Select Add

Add the source code and a name for the source code and save

The source code, as provided in the tax directive, can be selected from the drop down list on a once off withdrawal from the point where the instruction is waiting for tax.

The PAYE Lump sum code can also be changed after the instruction has been completed.

Last Updated on 1 year ago by Debra Hart