Medical aid 3810 fringe benefit tax
By Marc Sevitz · Updated
It seems as tho I am paying tax on this 3810 amount-as it is a taxable fringe benefit,(R16807)
Can I claim back ?(in addition to claiming my contributions as a tax credit)
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.
Thanks for the feedback Tim,
What is the maximum allowable medical aid credit for the member,spouse,and child?
What is the maximum allowable medical aid credit for the member,spouse,and child?
For the first two members it is R242 per month and thereafter R162 per month per member.
Thanks Tim,I appreciate the help.
Always a pleasure!