FAQ Blog Q&A Calculators Students Logbook Contact
Earn under R350,000?Click here to see why you still need to file to get your Tax Refund.

If an employer pays 100% of the medical contribution on my behalf what are the tax effects?

Posted 20 August 2012 under Tax Q&A

Get FREE Help with your Tax Return today from



TaxTim's award-winning tax return services are now free to all Momentum policyholders and Multiply clients:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Get started

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
Do I now as an employee/taxpayer qualify for the medical tax credits, on submission of my IT12? The Medical Aid tax certificate is issued on my name and not the Employer as it is not a group medical scheme.

This entry was posted in Tax Q&A and tagged , , . Bookmark the permalink.

TaxTim TaxTim says:
16 August 2012 at 18:43

Yes you do qualify for the medical tax credits as you will be taxed on the contribution made on your behalf as a Fringe Benefit. The only difference now is that the PAYE deducted each month already takes this into account so it is smaller each month. You actually receive more cash in your pocket on a monthly basis.

Tash says:
16 August 2012 at 20:13

Thanx so much, really appreciated


Get SARS Tax Dates and Deadlines in your Inbox
 

We'll tell you when you need to file, along with tax tips and updates.

Blog Categories

Get FREE Help with your Tax Return today from



TaxTim's award-winning tax return services are now free to all Momentum policyholders and Multiply clients:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Get started