Your Withdrawal

Select the year of assessment (1 March – 28/29 February) in which you make the withdrawal.
Your total taxable income for the year from salary and other sources, before this withdrawal. This sets the marginal rate at which the withdrawal is taxed.
R
The amount you want to withdraw from your savings component. The minimum allowed is R2,000, and only one withdrawal is permitted per tax year.
R
Age determines your primary, secondary, or tertiary tax rebate.
Under 6565–7475+
40 years old

Estimate only. SARS issues a tax directive at your marginal rate and may reduce the payout to settle any outstanding tax debt. Withdrawing erodes your retirement savings and the tax-free growth you would have earned. Consult a registered tax professional or financial adviser first.

You'll Receive

R 20 700

After R 9 300 tax on a R 30 000 withdrawal.

Tax on Withdrawal

R 9 300

Marginal Rate

31%

2027 (Mar 2026 – Feb 2027)

Where Your Withdrawal Goes

Detailed Calculation

Taxable Income (before)R 480 000
Savings Withdrawal+ R 30 000
Taxable Income (after)R 510 000
Tax on Withdrawal− R 9 300
Net WithdrawalR 20 700
Taxed at your marginal rate — the withdrawal stacks on top of your income.