Additional Savings Tax Calculator

Calculates the additional contributions you may make to your retirement savings in order to utilise the full tax deduction permitted under the Income Tax Act.

Input

Please fill out the shaded fields below to get your results
Member contribution rate to employer’s retirement fund:
%
Company contribution rate to employer’s retirement fund:
%

Results

Member contributions to employer’s retirement fund:
R
Company contributions to employer’s retirement fund:
R
Contribution as a % of salary:
%
R
Notes:
  • The maximum total tax deductible contribution to ALL pension, provident and retirement annuity funds in any tax year is the greater of 27.5% of ‘Taxable income’ and ‘Remuneration’, as defined in the Income Tax Act, subject to a Rand limit of R350,000.
  • The final values for ‘Taxable income’ and ‘Remuneration’ will only be confirmed on assessment by SARS after the end of each tax year. In using this calculator, care must therefore be taken not to overstate your expected annual income for the year.