| Item | 2026/27 | 2025/26 | Applies to |
|---|---|---|---|
| Interest exemption, under 65 | R23,800 | R23,800 | South African source interest |
| Interest exemption, 65 and over | R34,500 | R34,500 | South African source interest |
| South African dividends | Fully exempt from income tax | Same | 20% dividends tax withheld instead |
| Foreign dividends | Partial, formula based | Same | Effective maximum rate of 20% |
| Tax-free savings account | All of the above exempt | Same | Within the contribution limits |
| Marginal rate | Exemption under 65 | Tax saved | Exemption 65 and over | Tax saved |
|---|---|---|---|---|
| 18% | R23,800 | R4,284 | R34,500 | R6,210 |
| 26% | R23,800 | R6,188 | R34,500 | R8,970 |
| 31% | R23,800 | R7,378 | R34,500 | R10,695 |
| 36% | R23,800 | R8,568 | R34,500 | R12,420 |
| 41% | R23,800 | R9,758 | R34,500 | R14,145 |
| 45% | R23,800 | R10,710 | R34,500 | R15,525 |
| Payment | Rate |
|---|---|
| Dividends | 20% |
| Interest | 15% |
| Royalties | 15% |
| Visiting entertainers and sports people | 15% |
| Sale of South African property, natural person | 7.5% |
| Sale of South African property, company | 10% |
| Sale of South African property, trust | 15% |
Data maintained by TradeAnswers · updated as the figures change