FAQ Blog Calculators Students Logbook Contact
Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


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 Marc TaxTim Marc said:
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 said:
4 February 2015 at 11:23

thanks very helpful

TaxTim Marc TaxTim Marc said:
5 February 2015 at 8:24

Glad we could help!

This entry was posted in Tax Q&A and tagged , , . Bookmark the permalink.





Submit your tax return right here!

TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund
Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

Get started

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.