Hide
Earn under R350,000? Click here to see why you still need to file to get your Tax Refund.
CLOSE
Get SARS Tax Deadlines in your Inbox
 

We'll tell you when you need to file, along with tax tips and updates.
Try Tim Now

Tax on Medical Aid

Posted 1 July 2015 under Tax Questions


Hello.
Is it me you're looking for?
I'll help you do your Tax Return with Confidence
Quickly, Easily
And Correctly
Do your own
Tax Online with Expert Help from Me, Step-by-Step.
LEARN MORE

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
John says:
26 June 2015 at 14:55

I currently work for a company where the medical aid is paid in full by the business, however my tax is killing my net. I work on a gross of R29 537. 08 PM but only net R20 042. 21 which means I am paying almost R10000 a month in tax. According to my company, they say nothing can be done to reduce the monthly tax as it would be unlawful. I want to find out if that is true or if anything can be done to help the situation?

This entry was posted in Tax Questions and tagged , , , , . Bookmark the permalink.

TaxTimTaxTim says:
26 June 2015 at 15:22

Do you use a laptop for work purposes which you own? Do you donate to charities or have a medical aid?


John says:
26 June 2015 at 15:37

No charity, but the medical aid is paid in full by my company for myself, wife and 2 kids.
There is also the pension fund, breakdown below.

Med Aid CC: 8666.00
Provident fund CC: 1727.92
Provident fund my contribution: 1476.85

Thanks


TaxTimTaxTim says:
28 June 2015 at 12:44

Unfortunately there is nothing that can be done, your tax is determined by your income and if you cannot reduce your taxable income through deductions then the tax will be the amount as decided by te tax tables.


Get SARS Tax Deadlines in your Inbox
 

We'll tell you when you need to file, along with tax tips and updates.

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Hello.
Is it me you're looking for?
I'll help you do your Tax Return with Confidence
Quickly, Easily
And Correctly
Do your own
Tax Online with Expert Help from Me, Step-by-Step.
LEARN MORE