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Medical aid and tax?

Posted 16 September 2015

Landa says:
16 September 2015 at 16:23

Medical aid credits, does it get deducted monthly from your payslip? Is there any tax benefit to the company by offering a medical aid and contributing towards the premium? Should the company's contribution be added onto your salary as a taxable fringe benefit?

TaxTim TaxTim says:
16 September 2015 at 21:08

Yes the company contribution will be added to your taxable income as it is a fully taxable fringe benefit - the company will be able to deduct this payment as part of their normal employment costs.

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