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Can I add income protection premiums from 2 financial institutions together for code 4018?

Posted 17 July 2014 under Tax Q&A


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My place of work gives us an income protection policy. On SARS eFiling this is reflected under code 3808 however I have to manually enter it under code 4018. I also privately have an income protection policy from a different financial institution. Do I just add my contributions together and fill it in at 4018? Will SARS allow that or is there a limit in the amount that can be deducted?

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TaxTim TaxTim says:
17 July 2014 at 15:19

Yes you add the two together, SARS may ask you to provide them the documents as proof, but there is no limit to the deduction.


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