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 If you are in the 45% bracket, you only keep R1,650 for every R3,000 withdrawn.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No. Every cent withdrawn from your Savings Pot is taxed as income at your marginal rate.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).