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Medical Aid Tax if I pay Medical Aid privately as the company does not cover it

Posted 24 August 2015 under Tax Questions



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B says:
21 August 2015 at 14:41

I am starting a new job and I will be taking over my medical aid privately so my company will not contribute towards my medical aid. I will be paying for main member 3 dependents (adult & 2 children). How does this medical aid tax credit work? Would I now be able to benefit on tax if I pay privately? Lets work on I will earn R20 000. 00 a month?

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TaxTimTaxTim says:
24 August 2015 at 8:04

Yes you would, please make use of our Medical Tax Credits Calculator to work out exactly what your credit will be.


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