Medical aid 3810 fringe benefit tax

By Marc Sevitz · Updated

I have submitted my return for 2013, but under source code 3810,I have employer tax contributions on my behalf,where they are paying half. I pay the other half which I claim as a deduction.

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)
TaxTim Marc

TaxTim Marc said:
13 January 2014 at 9:16

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.
Mark

Mark said:
13 January 2014 at 9:34

Thanks for the feedback Tim,

What is the maximum allowable medical aid credit for the member,spouse,and child?
TaxTim Marc

TaxTim Marc said:
13 January 2014 at 9:40

For the first two members it is R242 per month and thereafter R162 per month per member.
Mark

Mark said:
13 January 2014 at 9:54

Thanks Tim,I appreciate the help.
TaxTim Marc

TaxTim Marc said:
13 January 2014 at 10:13

Always a pleasure!