Medical Scheme Fees Tax Credit was introduced from 1 March 2012 but didn’t affect all categories of taxpayers at once. There are two different start dates depending on the age of the taxpayer:
- Taxpayers younger than 65 – converted to the Medical Tax Credit from 1 March 2012
- Taxpayers 65 and older – converted to the Medical Tax Credit from 1 March 2014
Medical Tax Credit Rates from 2013 tax year onwards
?Per month (R) | 2017?? | ?2016 | ?2015 | ?2014 | 2013 |
---|---|---|---|---|---|
?For the taxpayer who paid the medical scheme contributions | ?R286 | 270 | ?257 | ?242 | ?230 |
?For the first dependant | ?R286 | ?270 | ?257 | ?242 | ?230 |
?For each additional dependant(s) | ?R192 | ?181 | ?172 | ?162 | ?154 |
Capped deduction prior to 2013 tax year
?Capped deduction per month | ?2012 |
---|---|
?For the taxpayer who paid the medical scheme contributions? | ?720 |
??For the first dependant | ?720 |
??For each additional dependant(s) | ?440 |
Important: The amounts may vary depending on the number of months in the tax year that a taxpayer and dependents are members of a medical scheme fund.