What is the difference between 2010 and 2011 medical aid system in terms of how you would account it



What is the difference between 2010 and 2011 medical aid system in terms of how you would account it for the changes between the two financial years?

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TaxTim TaxTim says:
2 August 2012 at 14:52

The only change made between the 2012 and 2011 years of assessment with regards the Medical Aid system have been the deductions allowed for medical aid contributions increasing from R670 to R720 per month for the primary member and first dependent and for the rest of the dependents increasing from R410 to R440 per month.

For the major changes to the medical aid system for the 2013 year of assessment see our blog - https://taxtim.com/blog/new-tax-credit-to-replace-medical-aid-deductions-in-post-2012-tax-year




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