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Medical aid deductions for tax purposes?

Posted 5 July 2013 under Tax Q&A


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I noticed a deduction on my IRP5 under code 4005 - medical aid contributions. But my employer does not pay my medical aid - I pay the full amount myself after receiving my salary. I asked them about it and they claim that I get the tax benefit on my medical aid monthly. They don't show any deductions/income of this kind on my payslip.

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TaxTim TaxTim says:
8 July 2013 at 13:33

So the account goes to you directly and comes off your bank account after your salary has been paid into your account?

E-filer says:
8 July 2013 at 13:42

Yes, that's correct. I pay my medical aid from my bank account after I received my salary and the account comes to me.

TaxTim TaxTim says:
8 July 2013 at 13:43

There shouldn't be anything appearing on your IRP5, ask you payroll officer if they have reduced your PAYE by the medical tax credit?


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