Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


Tax if I am paying my medical aid fully on my own?



I've recently started a new job where I now contribute fully to my medical aid and retirement annuity. How will this affect my monthly tax contributions?

TaxTim TaxTim says:
4 February 2015 at 8:09

It will reduce the PAYE paid each month as your actual taxable income will be lower. You will also receive the monthly medical tax credit off your PAYE.

Lolly says:
4 February 2015 at 11:23

thanks very helpful

TaxTim TaxTim says:
5 February 2015 at 8:24

Glad we could help!

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



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.