hi Timam worried cause its my second year of submitting tax returns and I still got nothing,my employer pays 60 percent of my medical aid and also contributes to my pension fund,i have stopped paying for my retirement fund 5 years ago.all my colleagues get something except me,at the moment I owe SARS R180.00,where does it come from,with medical aid and tax contributions I believe I deserve something.I have finalised my divorce 12 months agopls help me understand
The medical aid tax credit has already been taken into account in calculating your PAYE so you are getting a benefit, just not in the form of a refund. The same with your pension fund, therefore you are paying less taxes than if you did not contribute. Your colleagues may have different circumstances so you can never compare to other taxpayers.
* For the last week of tax season (ends Friday 22 November) we are offering a R50 saving (25% off) on all tax return completions with TaxTim. Get your discount on our payment page with this voucher code: EDC582CC8422.
Get Tax Deadline Reminders, News and Tips
We'll tell you when you need to file, along with tax tips and updates.