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TaxTim says: 19 March 2014 at 12:07 Your credit will be limited to your monthly contribution unfortunately. |
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TaxTim says: 19 March 2014 at 12:08 Does your employer contribute to the fund at all? |
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Sannie DeNecker says: 19 March 2014 at 22:28 Thank you very much for your quick response. NO - My employer does not contribute as I am self employed. Could I asked you please to clarify this term - "Contribution to a medical aid (without regard to the quantum of the contribution) will qualify the taxpayer to receive a credit of fixed amount, based on the number of the taxpayer?%u20AC%u2122s dependents on the medical aid scheme." ? I appreciate your assistance and must add : you are doing a great job. |
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TaxTim says: 20 March 2014 at 14:39 Thanks for the positive words! Essentially every taxpayer who contributes to a medical aid receives a set RAND amount as a credit (take off) from their tax payable. SARS allows a certain amount for the primary member and one secondary member and then any further members on the medical aid also receives a monthly credit of a different amount. Have a look at our blog on Medical Aid 2015 rules for a better understanding. |
