SA Budget 2018 – Medical Tax Credit Rates

Medical Tax Credit Rates

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 – see changes from last year

?Per month (R) 2019? ?2018 2017?? ?2016 ?2015
?For the taxpayer who paid the medical scheme contributions R?310? ?R303 ?R286 270 ?257
?For the first dependant ?R310 ?R303 ?R286 ?270 ?257
?For each additional dependant(s) ?R209 ?R204 ?R192 ?181 ?172

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.

 

Top Tip: A deduction for contributions and out-of-pocket medical expenses (qualifying expenses) paid depends on a taxpayer’s age and whether the taxpayer, spouse  or any of their dependant(s) has a disability. For more information on see Medical Scheme Fees Tax Credits.

Last Updated: 24/02/2018