Understanding Medical Aid Benefits in South Africa
Understanding and effectively managing your medical aid benefits is a crucial aspect of healthcare planning in South Africa. The diverse and complex healthcare system of the country offers a variety of medical aid plans, each with its own set of benefits and limitations. This comprehensive guide is designed to help South Africans navigate their medical […]
Non-dependent medical expenses
Can you claim medical expenses for someone not a member of your medical scheme? You can, but there are many boxes to tick. Medical scheme membership is normally offered to individuals and their immediate dependents, who would usually be their spouses and children under 18 (unless they are in full-time education, in which case they […]
How medical aid lump-sum payouts are taxed
The South African Revenue Service recently published a draft Interpretation Note relating to the taxation of medical lump sums. Employers often provide various incentives to attract and retain employees with scarce skills. One form of benefit is to cover the medical aid contributions of former employees in retirement. This could be an expensive and risky exercise for a taxpayer […]