ZAR / USDR18.42-0.12%
BRENT CRUDE$82.40+1.45%
JSE TOP 4074,210+0.88%
REPO RATE8.25%0.00%
ZAR / USDR18.42-0.12%
BRENT CRUDE$82.40+1.45%
JSE TOP 4074,210+0.88%
REPO RATE8.25%0.00%
ZAR / USDR18.42-0.12%
BRENT CRUDE$82.40+1.45%
JSE TOP 4074,210+0.88%
REPO RATE8.25%0.00%
SARS Reference: 2026 Budget cycle
Updated: February 2026
Effective Sept 2024

Two-Pot Calculator

Calculate the tax impact of withdrawing from your Savings Pot.

Withdrawal Profile

Note: Limited to 1/3 of Savings Pot annually.

Early Access Penalty

Withdrawals are taxed as income. If you are in the 45% bracket, you only keep R1,650 for every R3,000 withdrawn.

Savings Pot Rules

Withdrawals are taxed as gross income at your marginal rate.

Frequently Asked Questions

Is the first withdrawal tax-free?

No. Every cent withdrawn from your Savings Pot is taxed as income at your marginal rate.

How often can I withdraw from the Savings Pot?

You are allowed one withdrawal per tax year (March to February).