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Is there a tax deduction for spousal insurance?

Posted 15 July 2013 under Tax Q&A

On my payslip there is a deduction for Spouse insurance.If my spouse dies, I get money from my employer to help. think its twice my annual salary.Are there any tax benefits for this?

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TaxTim TaxTim says:
15 July 2013 at 13:15

Unfortunately there are no deductions for life insurance. SARS are looking at making this a taxable deduction in the future however, but nothing for now.




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