Please take note that the below calculators take into account a variation of assumptions and this calculation in no way constitutes Financial Advice. We recommend making contact with our office for recommendations.
Tax Deduction Calculator
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.