IS
Ian S

1 reviews | Active since Apr 2017

09 Jul 2024, 11:21

Old Mutual sends Inflated/false IRP5 to SARS, Bad service again

I had an annuity with Old Mutual and when it paid out on 55 years of age, i had to pay tax on the full amount. Then I could only cash out 33% of the leftover amount and Old mutual then pays me a monthly amount Of R2100, until the pool is exhausted over some years.

What Old Mutual did was send SARS an IRP5 stating that they pay me R4300 per month!.This is false and incorrect.This amount was correct the 1st year, then they dropped it to R2100-still dont know why!!!!!!!

I now have to Pay SARS R22 000 because of this false IRP5 Old Mutual sent in.

i want OM to fix their mistake, or Pay me the REST of the monies they claimed they paid me.

Do not invest your money in this country, you'le just get ****med by everyone.

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Replies (1)
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Ian S's update12 Jul 2024, 06:13
Reviewer Update
OM contacted me, only because i complained on Helopter, but not through their normal channels!. i told my story and they promised to come back to me with the right figures,....never came back/rep****