Retirement Annuity (RA) tax calculator
Calculate Section 11F SARS tax deductions, annual refund, and retirement pot compound growth for South African Retirement Annuities. Free.
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About this tool
Calculate your annual SARS tax deduction and projected lump-sum savings by contributing to a Section 11F Retirement Annuity (RA).
How to use it
- 1 Enter your annual taxable income or remuneration.
- 2 Enter your planned annual or monthly Retirement Annuity contribution.
- 3 Select your marginal income tax bracket (18% to 45%).
- 4 Inspect your immediate annual SARS tax refund, net after-tax cost of investing, and projected retirement nest egg.
Questions
How much can I deduct for Retirement Annuity contributions in South Africa?
Under Section 11F of the Income Tax Act, you can deduct up to 27.5% of the greater of remuneration or taxable income, capped at R350,000 per tax year.
What is the maximum tax deduction for an RA in South Africa?
Taxpayers can deduct contributions up to 27.5% of the higher of remuneration or taxable income, subject to an annual maximum ceiling of R350,000.
What is Regulation 28 in South African retirement funds?
Regulation 28 of the Pension Funds Act limits risk exposure in retirement annuities: maximum 75% in equities, 25% in property, and 45% in offshore foreign assets.
Is my data uploaded?
No. This tool runs in your browser, so your text and files never reach our server.
Is this tool free?
Yes. It’s free to use with no sign-up and no limits for normal use.
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