Useful next calculations
When to use this calculator
- Before accepting a pay change, bonus or contribution arrangement.
- When you want a simple take-home or conversion estimate before payroll or filing.
- When you need to convert between hourly, monthly and annual pay.
- When you want to compare two pay scenarios using the same assumptions.
A worked example
These are the example figures the calculator opens with.
| Input | Value |
|---|---|
| Monthly Medical Aid Premium (R) | 3 000 |
| Number of Additional Dependants | 1 |
| Annual Income (R) | 400 000 |
For those figures the calculator returns:
- Monthly MTC: R630.00
- Annual tax credit: R7 560,00
- Additional credit: R4 395,60
- Total annual credit: R11 955,60
- Monthly tax saving: R996.30
How to read your results
Annual Tax Credit
Review this figure alongside gross income and the local tax rules that apply to you. It is a planning estimate, not a filing result.
Monthly Tax Saving
Review this figure alongside gross income and the local tax rules that apply to you. It is a planning estimate, not a filing result.
Common mistakes
- Using an assumption that is not supported by a current local quote, bill, statement or official source.
- Treating a generic estimate as a lender, provider, payroll or tax authority decision.
- Mixing monthly and annual inputs without converting them consistently.
- Testing only one scenario instead of checking how a cautious assumption changes the result.
What to do next
- Run a second scenario with a cautious assumption so you can see the downside clearly.
- Compare the result with the related calculators below before making a decision.
- Check current local rules, eligibility and provider terms before applying or committing money.
- Keep a record of the assumptions so you can update the estimate when a quote, bill or pay figure changes.
Questions people ask
Yes. If your annual medical aid contributions exceed three times the annual MTC, the excess qualifies as additional medical expenses. SARS allows a credit of 25% of these excess contributions for taxpayers under 65, or 33.3% for those 65 and over or with a disability. Out-of-pocket medical expenses not paid by medical aid also qualify under the additional expenses calculation.