Withdrawal Benefit
2017 tax year (1 March 2016 – 28 February 2017)
| Taxable income (R) | Rate of tax (R) |
|---|---|
| 0 – 25 000 | 0% |
| 25 001 – 660 000 | 18% of taxable income above 25 000 |
| 660 001 – 990 000 | 114 300 + 27% of taxable income above 660 000 |
| 990 001 and above | 203 400 + 36% of taxable income above 990 000 |
2016 tax year (1 March 2015 – 29 February 2016)
| Taxable income (R) | Rate of tax (R) |
|---|---|
| 0 – 25 000 | 0% |
| 25 001 – 660 000 | 18% of the amount above 25 000 |
| 660 001 – 990 000 | 114 300 + 27% of the amount above 660 000 |
| 990 001 and above | 203 400 + 36% of the amount above 990 000 |
2015 tax year (1 March 2014 – 28 February 2015)
| Taxable income (R) | Rate of tax (R) |
|---|---|
| 0 – 25 000 | 0% |
| 25 001 – 660 000 | 18% of the amount above 25 000 |
| 660 001 – 990 000 | 114 300 + 27% of the amount above 660 000 |
| 990 001 and above | 203 400 + 36% of the amount above 990 000 |
2014 tax year (1 March 2013 – 28 February 2014)
| Taxable income (R) | Rate of tax (R) |
|---|---|
| 0 – 22 500 | 0% |
| 22 501 – 600 000 | 18% of the amount above 22 500 |
| 600 001 – 900 000 | 103 950 + 27% of the amount above 600 000 |
| 900 001 and above | 184 950 + 36% of the amount above 900 000 |
Benefits or Severance Benefits
2017 tax year (1 March 2016 – 28 February 2017)
| Taxable income (R) | Rate of tax (R) |
|---|---|
| 0 – 500 000 | 0% of taxable income |
| 500 001 – 700 000 | 18% of taxable income above 500 000 |
| 700 001 – 1 050 000 | 36 000 + 27% of taxable income above 700 000 |
| 1 050 001 and above | 130 500 + 36% of taxable income above 1 050 000 |
2016 tax year (1 March 2015 – 29 February 2016)
| Taxable income (R) | Rate of tax (R) |
|---|---|
| 0 – 500 000 | 0% |
| 500 001 – 700 000 | 18% of the amount above 500 000 |
| 700 001 – 1 050 000 | 36 000 + 27% of the amount above 700 000 |
| 1 050 001 and above | 130 500 + 36% of the amount above 1 050 000 |
2015 tax year (1 March 2014 – 28 February 2015)
| Taxable income (R) | Rate of tax (R) |
|---|---|
| 0 – 500 000 | 0% |
| 500 001 – 700 000 | 18% of the amount above 500 000 |
| 700 001 – 1 050 000 | 36 000 + 27% of the amount above 700 000 |
| 1 050 001 and above | 130 500 + 36% of the amount above 1 050 000 |
2014 tax year (1 March 2013 – 28 February 2014)
| Taxable income (R) | Rate of tax (R) |
|---|---|
| 0 – 315 000 | 0% |
| 315 001 – 630 000 | 18% of the amount above 315 000 |
| 630 001 – 945 000 | 56 700 + 27% of the amount above 630 000 |
| 945 001 and above | 141 750 + 36% of the amount above 945 000 |
2013 tax year (1 March 2012 – 28 February 2013)
| Taxable income (R) | Rate of tax (R) |
|---|---|
| 0 – 315 000 | 0% |
| 315 001 – 630 000 | 18% of the amount above 315 000 |
| 630 001 – 945 000 | 56 700 + 27% of the amount above 630 000 |
| 945 001 and above | 141 750 + 36% of the amount above 945 000 |