What is the maximum split for company/employee toward a medical aid contribution?
By Marc Sevitz · Updated
The company can pay any amount as part of the Cost to Company package of the employee, but whatever amount is paid for will still be a fringe benefit to the employee so code 3810 on the income side.
For the deduction side, code 4005 will be the full amount that actually goes off to the medical aid and code 4474 will be the portion that matches 3810 being the company contribution.
The medical credit 4116 will be R257 x 2 as there are two member per month.
For the deduction side, code 4005 will be the full amount that actually goes off to the medical aid and code 4474 will be the portion that matches 3810 being the company contribution.
The medical credit 4116 will be R257 x 2 as there are two member per month.