Tax deductible retirement fund contributions

Use this calculator to work out how much more you can contribute to your retirement savings and still claim a tax deduction.

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Useful defintions:

  • Remuneration includes your salary or pension, overtime pay, allowances, leave pay, bonus, fringe benefits and any gratuities or commission before any deductions.
  • Taxable income includes all your income including rental, investment and business income, less any exempt income and deductions plus your taxable capital gains.

Note: Take care not to overstate your expected annual income or remuneration. The tax deduction allowed will be determined by SARS based on its calculation of your ‘taxable income’ or ‘remuneration’ when you are assessed at the end of the tax year.