Two-pot withdrawal tax calculator
Estimate the tax on a savings pot withdrawal in the 2026/27 tax year, and how much your fund pays you after tax.
Calculator
Your estimate · 2026/27
Enter your figures to see the tax on the withdrawal and the amount your fund pays you.
| Withdrawal | |
|---|---|
| Less income tax (estimate) | |
| Less fund fee | |
| Tax as a share of the withdrawal |
Every rand you withdraw stops growing towards your retirement. Before you withdraw, check whether another source of cash costs you less.
Talk to an adviser firstHow SARS taxes a savings pot withdrawal
SARS adds a savings pot withdrawal to your taxable income for the tax year and taxes it at your marginal rate. The calculator works out your income tax for the year with and without the withdrawal; the difference is the tax on the withdrawal.
Your fund deducts the tax before it pays you, using a tax directive from SARS. The directive uses the income SARS has on record for you, so the amount withheld can differ from this estimate. SARS settles any difference when it assesses your tax return. If you owe SARS tax, it takes that from the withdrawal first.
Funds usually allow one savings pot withdrawal per tax year. Retirement annuities and preservation funds may allow one per policy or contract, and leaving a fund before retirement, for example on resignation, follows different rules. The minimum withdrawal is R 2 000. All your withdrawals in a tax year are added to your income, so include any you have already taken, from any fund or policy, in your taxable income above. Understanding the Two-Pot Retirement System explains the three pots, and Access to Retirement Funds Under the Two-Pot System shows how each pot is taxed at retirement, resignation and other events.
Individual tax table, 2026/27
| Taxable income | Tax |
|---|---|
| R 1 to R 245 100 | 18% of taxable income |
| R 245 101 to R 383 100 | R 44 118 + 26% of taxable income above R 245 100 |
| R 383 101 to R 530 200 | R 79 998 + 31% of taxable income above R 383 100 |
| R 530 201 to R 695 800 | R 125 599 + 36% of taxable income above R 530 200 |
| R 695 801 to R 887 000 | R 185 215 + 39% of taxable income above R 695 800 |
| R 887 001 to R 1 878 600 | R 259 783 + 41% of taxable income above R 887 000 |
| R 1 878 601 and above | R 666 339 + 45% of taxable income above R 1 878 600 |
Rebates and tax thresholds
Rebates reduce the tax you pay. Below the threshold for your age, you pay no income tax.
| Age | Total rebate | Tax threshold |
|---|---|---|
| Under 65 | R 17 820 | R 99 000 |
| 65 to 74 | R 27 585 | R 153 250 |
| 75 or older | R 30 834 | R 171 300 |
What the estimate leaves out
Medical scheme fees tax credits and other credits, which reduce the tax you pay for the year.
Deductions other than retirement fund contributions, such as donations to public benefit organisations.
Income you have not counted yet, such as a bonus or a rent increase later in the tax year. More income can move the withdrawal into a higher bracket.
The calculator applies the 2026/27 tables to the figures you enter and does not consider your wider circumstances. 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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