Average Income Tax rates comparisons – How the budget affects you #Budget2017

See how the changes in tax rates affect the various age groups per income level from last year 2016/7 to this year, 2017/18.

Taxpayers below 65

Taxable income (R) 2016/17 rates (R) Proposed 2017/18 rates (R) Tax change (R) % change Average tax rates
Oldrates Newrates
85 000 1 800 1 665 -135 -7.5% 2.1% 2.0%
90 000 2 700 2 565 -135 -5.0% 3.0% 2.9%
100 000 4 500 4 365 -135 -3.0% 4.5% 4.4%
120 000 8 100 7 965 -135 -1.7% 6.8% 6.6%
150 000 13 500 13 365 -135 -1.0% 9.0% 8.9%
200 000 23 460 23 174 -285 -1.2% 11.7% 11.6%
250 000 36 460 36 174 -285 -0.8% 14.6% 14.5%
300 000 49 780 49 347 -432 -0.9% 16.6% 16.4%
400 000 80 780 80 347 -432 -0.5% 20.2% 20.1%
500 000 116 460 115 824 -635 -0.5% 23.3% 23.2%
750 000 213 431 212 490 -941 -0.4% 28.5% 28.3%
1 000 000 315 931 314 990 -941 -0.3% 31.6% 31.5%
1 500 000 520 931 519 990 -941 -0.2% 34.7% 34.7%
2 000 000 725 931 744 990 19 059 2.6% 36.3% 37.2%

Source: National Treasury

 

Taxpayers aged 65 to 74

Taxable income (R) 2016/17 rates (R) Proposed 2017/18 rates (R) Tax change (R) % change Average tax rates
Oldrates Newrates
120 000 6 93 4 84 -209 30.2% -0.6% 0.4%
150000 6093 5884 -209 -3.4% 4.1% 3.9%
200000 1 6053 1 5693 -359 -2.2% 8.0% 7.8%
250 000 2 9053 2 8693 -359 -1.2% 11.6% 11.5%
300000 4 2373 4 1866 -506 -1.2% 14.1% 14.0%
400000 7 3373 72866 -506 -0.7% 18.3% 18.2%
500 000 109053 108343 -709 -0.7% 21.8% 21.7%
750000 206024 205009 -1015 -0.5% 27.5% 27.3%
1 000000 308524 307509 -1 015 – 0.3% 30.9% 30.8%
1 500 000 513524 512509 -1015 -0.2% 34.2% 34.2%
2000 000 718524 737509 18985 2.6% 35.9% 36.9%

Source: National Treasury

 

Taxpayers aged 75 and over

Taxable income (R) 2016/17 rates (R) Proposed 2017/18 rates (R) Tax change (R) % change Average tax rates
Oldrates Newrates
150000 3627 3393 -234 -6.4% 2.4% 2.3%
200000 1 3587 1 3203 -384 -2.8% 6.8% 6.6%
250000 2 6587 2 6203 -384 -1.4% 10.6% 10.5%
300000 3 9907 3 9376 -531 -1.3% 13.3% 13.1%
400000 7 0907 7 0376 -531 -0.7% 17.7% 17.6%
500000 106587 105853 -734 -0.7% 21.3% 21.2%
750000 203558 202518 -1039 -0.5% 27.1% 27.0%
1 000000 306058 305018 -1039 -0.3% 30.6% 30.5%
1 500000 511058 510018 -1 039 -0.2% 34.1% 34.0%
2 000000 716058 735018 18961 2.6% 35.8% 36.8%