Invest today with Sasfin’s Tax-free savings account

What you put in is what you should get out! We believe this should apply to your savings, with interest. With a Sasfin Tax-free Account (TFSA), you earn interest that is free from Income Tax. You need to make an initial investment of R10 000 (up to R36 000) per tax year, with a lifetime limit of R500 000.

  NOMINAL RATE ANNUAL – EFFECTIVE RATE
Tax-free Savings Account 4.15% 4.23%

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Use this tool to calculate your monthly income tax and the tax deductions available and compare it to last year's monthly income tax and tax deductions. Please use your monthly income, retirement contributions and medical expense amounts in this calculator.

Income

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Results

Monthly income tax
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Nett monthly income
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Difference in monthly tax
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How much less tax will I pay if I maximise my deductible retirement contributions?
Amount available as an additional deduction (monthly)
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Tax due after applying additional contribution (monthly)
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Tax savings after applying additional contribution (monthly):
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Whilst the calculator intends to cater for multiple scenarios and every effort has been made to ensure the accuracy of this calculator, the results should be used as an indication only. This calculator may not be suitable for persons with a more complex tax scenario and who earn other forms of income that is not catered for on this calculator.