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

Posted 3 February 2015

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!

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