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Is MPS (Medical Protection Society) tax deductable?

Posted 28 July 2015 under Tax Q&A


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Parker says:
30 June 2015 at 2:23

Is MPS (Medical Protection Society) tax deductable? Where does it go on an IRP5?

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

TaxTim TaxTim says:
30 June 2015 at 8:32

Is this a professional fee for medical professionals? Similar to a membership fee?

Parker says:
30 June 2015 at 9:27

MPS is a medical malpractice insurance that you pay annually so that you are protected in the event of a case being laid against you for malpractice. You cannot work in the private sector without this.

TaxTim TaxTim says:
30 June 2015 at 10:17

You would only be able to deduct this amount if you work privately or have your own practice. If you are a full time salaried employee then unfortunately you will not be able to deduct this expense.

Parker says:
1 July 2015 at 0:00

I am a full time salaried employee at a Private Hospital (not a specialist) and they don't cover me for this i.e. in order to be employed, I have to have my own medical malpractice insurance. Does this still exclude me from using it as a tax deduction?

TaxTim TaxTim says:
1 July 2015 at 7:11

Yes unfortunately it does, accountants, lawyers etc have the same issue as you for membership fees which unfairly cannot be deducted.


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