Tax if I am paying my medical aid fully on my own?

By Marc Sevitz · Updated

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

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!
Salary / IRP5
Medical
Retirement