Budget Speech Update – Medical Scheme Contribution Credit

The medical scheme tax credit that will be effective from 1 March 2013 is:

• R 242 in respect of the taxpayer
• R 242 for the first dependant
• R 162 for each additional dependant

 
If you are a HRTorQue Payroll client, your payroll rules will be automatically amended prior to you running your March payroll.