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Do I get tax relief when buying a medical aid?

Posted 2 February 2015 under Tax Q&A

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If I buy a medical aid and the installment is deducted from my bank account what tax benefit do I have?

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TaxTim TaxTim says:
3 February 2015 at 7:00

You will be entitled to a tax credit against the taxes owing each year. Currently this stands at R257 per member for the first two members per month.

CJ says:
3 February 2015 at 7:40

thank you, if medical aid is deducted by my employer, then how much tax relief do I get?

TaxTim TaxTim says:
3 February 2015 at 7:46

You would still get the same relief as the tax credit is the same regardless of who pays it, the difference is you will receive this relief via a reduction in PAYE which means slightly more money in your account each month.


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