Medical Aid & Tax 2011

by Julius Cobbett from

Taxpayers are allowed to deduct medical aid contributions from their tax bill. From March 1 2011 the maximum amount you may deduct has increased from R670 a month to R720 for each of the first two beneficiaries, and from R410 to R440 for each additional beneficiary.

The National Treasury will also convert these monthly deductions into ?tax credits? with effect from March 1 2012.

?A tax credit provides for more equitable tax relief, as the relative value of the relief does not increase as the marginal tax rate of the individual increases, as is currently the case,? notes the 2011 Budget Review.

Enquire now with Selfmed
Become a member

Leave your details to get a quote:

First name




Contact your nearest regional office.

Cape Town
021 943 2300

031 576 0366

Free State
011 466 6068

011 466 6068

013 741 4588

Port Elizabeth
021 943 2300

Site Search

Or search our medical news archives

Useful Links