Save on tax by diversifying your retirement savings
January 15, 2018
Are you facing a tax audit by SARS? Know your rights
June 25, 2018
TAX RATES FOR INDIVIDUALS: 2018/2019 TAX YEAR
Taxable income (R)
- R0 – R195 850
- R195 851 – R305 850
- R305 851 – R423 300
- R423 301 – R555 600
- R555 601 – R708 310
- R708 311 – R1 500 000
- R1 500 001 and above
Tax rate
- 18% of each R1
- R35 253 + 26% of the amount above R195 850
- R63 853 + 31% of the amount above R305 850
- R100 263 + 36% of the amount above R423 300
- R147 891 + 39% of the amount above R555 600
- R207 448 + 41% of the amount above R708 310
- R523 041 + 45% of the amount above R1 500 000
Tax Rebates
- Primary
- Secondary (Persons 65 – 75)
- Tertiary (Persons 75 and older)
- R14 067
- R7 713
- R2 574
Tax Threshold
- Below age 65
- Age 65 and over
- Age 75 and over
- R78 150
- R121 000
- R135 300
View fin24 – INCOME TAX CALCULATOR
Article Source: https://www.fin24.com/Money/Tax/saving-on-tax-by-diversifying-retirement-savings-20180110
