| Item | Rule |
|---|---|
| Percentage limit | 27.5% of the greater of remuneration or taxable income |
| Annual rand cap | R430,000 |
| Funds covered | Pension, provident and retirement annuity combined |
| Employer contributions | Treated as a fringe benefit, then deductible under the same limit |
| Excess above the limit | Carried forward to the next year, or set against a lump sum at retirement |
| Asset class | Maximum |
|---|---|
| Equities | 75% |
| Offshore | 45% |
| Listed property | 25% |
| Hedge funds, private equity and other | 15% combined |
| Crypto assets | 0% |
| African markets outside South Africa | 10% of the offshore allowance |
| Taxable income | 27.5% of income | Deductible this year |
|---|---|---|
| R400,000 | R110,000 | R110,000 |
| R800,000 | R220,000 | R220,000 |
| R1,200,000 | R330,000 | R330,000 |
| R1,600,000 | R440,000 | R430,000, capped |
| R2,000,000 | R550,000 | R430,000, capped |
Data maintained by TradeAnswers · updated as the figures change