Medical Aid

[Dave A]

The formula states that the first 7.5% of your nett taxable income is your medical threshold, so anything above that is claimable. So basically the less you earn the less the threshold, the more the likelihood of a claim.

What I used to do was send the whole family to the dentist in the same year to have all their expensive stuff done to give myself the best chance of some level of "tax efficiency".

The new medical law does not seem to have changed this section of the formula, and only changed the medical aid capping and the taxation of the fringe benefits.

Thanks - I was wondering about that.