Income tax: Deduction of medical expenses

Posted on 25 of January, 2018 by in Tax

An individual’s ability to pay tax may be adversely affected by costs incurred as a result of illness or disability. For this reason, a certain degree of relief is provided by the Income Tax Act No.59 of 1962 (the Act). Timing of Deduction Qualifying medical contributions and expenses may only be claimed in the tax […]

So what is gap cover all about

Posted on 25 of April, 2016 by in Financial

Something that is a frequent question by consumers is “Why did my medical aid not cover the full cost of my hospitalization?” Thinking they were covered for 100% of all the hospitalization costs. Medical aid can be a minefield for the regular Jane out there, who is just looking for the peace of mind that […]