TaxTim says: 13 January 2014 at 9:16 You cannot claim the other half as a deduction, you will receive a general medical credit based on the number of members you have on your medical aid. Even though your employer pays half for you, you are still taxed on this amount, it is called a Fringe Benefit. |
Mark says: 13 January 2014 at 9:34 Thanks for the feedback Tim, What is the maximum allowable medical aid credit for the member,spouse,and child? |
TaxTim says: 13 January 2014 at 9:40 For the first two members it is R242 per month and thereafter R162 per month per member. |
Mark says: 13 January 2014 at 9:54 Thanks Tim,I appreciate the help. |
TaxTim says: 13 January 2014 at 10:13 Always a pleasure! |