This calculator works out your immediate tax deduction from an RA contribution (up to 27.5% of taxable income, capped at R430,000 a year), and projects your fund's future value based on your monthly contribution and expected growth rate.
Enter your taxable income, monthly contribution, and years to retirement, and the calculator returns both your annual tax saving and your projected retirement fund value, see our guide on why the R430,000 cap increased for more context.
This calculator is for educational purposes only, uses 2026/27 SARS deduction limits, and doesn't account for fees, inflation, or existing fund balances. Not financial advice.
You can deduct RA, pension, and provident fund contributions combined up to 27.5% of your taxable income or remuneration, whichever is higher, capped at R430,000 per year, this cap applies across all your retirement fund contributions combined, not per fund.
The deduction reduces your taxable income for the current tax year, meaning it lowers what you owe SARS now, this is separate from the tax treatment of growth within the fund and eventual withdrawals at retirement.
Contributions above the 27.5%/R430,000 limit aren't lost, they carry forward and can be deducted in future tax years, or used to reduce tax on your eventual retirement lump sum, though the immediate deduction only applies up to the annual cap.
No, this calculator focuses on the tax deduction and projected fund value based on your contributions and assumed growth rate. Regulation 28 caps equity and offshore exposure within retirement funds but doesn't directly affect this specific calculation.
They're related but distinct, an RA is an individual retirement product you can contribute to regardless of employer, while pension and provident funds are typically employer-linked, all three share the same combined 27.5%/R430,000 deduction cap.