If an employer pays 100% of the medical contribution on my behalf what are the tax effects?
By Marc Sevitz · Updated
Yes you do qualify for the medical tax credits as you will be taxed on the contribution made on your behalf as a Fringe Benefit. The only difference now is that the PAYE deducted each month already takes this into account so it is smaller each month. You actually receive more cash in your pocket on a monthly basis.
Thanx so much, really appreciated