Calculators · Tax

Retirement annuity tax calculator

See how much tax your retirement contributions save in the 2026/27 tax year, and how much more you can put into an RA before you reach the limit.

Salary, bonuses and other taxable income from 1 March 2026 to 28 February 2027, before retirement fund contributions. Include your employer’s retirement fund contributions: SARS taxes them as part of your pay. Leave out capital gains.

Everything paid into retirement annuities and pension or provident funds for you this tax year, your employer’s contributions included.

Contributions SARS did not allow in earlier years. They count towards this year’s deduction, up to the limit. Your last tax assessment shows the amount.

Your age on 28 February 2027

Results update as you type. Your figures stay in your browser; we don’t store or send them.

Your estimate · 2026/27

Tax your contributions save

Breakdown of the deduction
Your deduction limit this year
Deducted from your income
Talk to an adviser

How the deduction works

Contributions to retirement annuities, pension funds and provident funds are tax-deductible up to 27.5% of the greater of your remuneration or taxable income, capped at R 430 000 a year. The calculator works out your income tax with and without your contributions; the difference is your saving. It also shows how much more you can contribute before you reach the limit, and the tax that top-up would save.

Contributions above the limit are not lost. They carry forward and reduce your tax in later years, or the tax on your lump sum and annuity at retirement.

Only contributions made by 28 February 2027 count for the 2026/27 tax year. RA and TFSA Contributions Before the Tax Year Ends explains the timing.

What the estimate leaves out

  • Medical scheme fees tax credits and other credits, which reduce the tax you pay.

  • Capital gains, and any difference between your remuneration and taxable income. The limit is 27.5% of the greater of the two, and the deduction can’t exceed your taxable income before capital gains.

  • The rules for retirement annuity money: it stays invested until age 55, apart from the two-pot savings pot.

The information on this website is general and should not be seen as financial advice or a recommendation. We trust our sources but can’t guarantee absolute accuracy or completeness. Talk to a TRG adviser about your own circumstances.

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