MY EMPLOYER PAYS MY FULL MEDICAL AID IN LIEU OF SALARY INCREASE.



HOW CAN II BENEFIT FROM THIS? IT SEEMS SARS DOES NOT TAKE THIS ACCOUNT.

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

TaxTim TaxTim says:
4 February 2013 at 15:08

Regardless of who pays for your medical aid you will still be entitled to the medical tax credit per month. If your employer pays then you will be taxed on this amount he pays, but you will be able to pay less in tax each month because the credit will get taken off. If you pay it yourself you will only be able to get the tax credit at the end of the tax year and should receive a refund.

If your employer pays on your behalf you generally are in a better after tax cash situation each month.



TaxTim is FREE for all Momentum & Multiply members.



Use your ID number at the payment step to claim your free TaxTim voucher

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Get started FREE

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.