FAQ Blog Calculators Students Logbook Contact
Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


Are ex company 50% share of med subs taxable in hands of retiree of over 70?

Posted 14 August 2014

I AM OVER 70 AND RETIRED . IF MY EX EMPLOYER PAYS 50 % OF MY MED SUBSCRIPTIONS MAY I CLAIM IT.S SHARE TOGETHER WITH MY SHARE FOR TAX PURPOSES SAY FOR THE LAST 3 YEARS THANKS?

TaxTim TaxTim says:
15 August 2014 at 0:52

Yes, you are still able to claim the medical tax credit regardless of who pays for it.

Nigel says:
15 August 2014 at 10:01

Thanks Tim ,, does this mean that up till 2013 tax years I could claim the TOTAL medical aid subscriptions AS A DEDUCTION FROM MY INCOME even though my ex company paid 50 %?

TaxTim TaxTim says:
18 August 2014 at 9:26

In the past the ex-employer portion was tax free in your hands and so an IRP5 got issued showing the amount and you then had a reduced benefit. Now you are entitled to the full amount as a deduction.

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




Do your Tax Return in 20 minutes or less!

TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund
Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

Get started

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.