Question:
Can you get tax rebate if you do not have medical aid or a retirement annuity?
Answer:
Loyiso,
There is no rebate on retirement annuity contributions - individuals may however deduct contributions up to 15% of their non-pensionable income. No contribution = no deduction. You also have to belong to a medical aid to claim the medical aid rebate.
The information and answers supplied in this section do not constitute advice as defined by the Financial Advisory and Intermediary Services Act, 37 of 2002.
