Budget 2026 fixes that. The tax brackets have been adjusted for inflation, which means most people should take home a little more this year, even without a pay rise.
Most taxpayers don’t know the term “bracket creep”, but they know the feeling.
Your salary goes up a little. Prices have gone up too. But if tax brackets don’t adjust, SARS takes a bigger slice each year. Not because you’re richer. Because the system hasn’t kept up.
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5/ Retirement annuity deduction cap raised to R430,000. More room to reduce your taxable income while building for retirement. The higher your income, the more this matters at tax return time.
4/ TFSA annual limit up to R46,000. That's R10k more you can invest completely tax-free — no income tax, no dividends tax, no CGT. Ever. If you haven't maxed yours out yet, there's still time this tax year.
Do you actually need to submit a tax return?
Most people guess... and that's where penalties start.
You likely need to file if: multiple income streams, freelance/side hustle, rental income, or deductions.
Not sure? Don't guess.
taxtim.com/za/tax-guides/…
Over 458,000 South Africans trust #TaxTim to make #tax easy.
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From brand deals and affiliate earnings to gifted products, SARS is taking a closer look at how content creators earn and report their income.
If you’re creating content, this applies to you.
🎧 Listen here: omny.fm/shows/afternoo…
Old Mutual Rewards members can file quickly and easily with TaxTim and enjoy exclusive discounts on their tax return.
Depending on your rewards tier, you get 30%, 37.5% or even 100% off your TaxTim submission fee.
Find out more: taxtim.com/za/old-mutual-…
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With R692 million in refunds paid out since 2011 and 1,300 built-in checks to maximise yours, TaxTim is the fast, simple way to file right the first time. 😀
See why so many choose #TaxTim.
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Capitec’s Live Better programme helps you get more from your money.
Through our partnership, Capitec clients and staff get exclusive savings when filing their taxes online:
✨ 25% off for all Capitec clients
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taxtim.com/za/capitec
Are influencers and content creators paying the right tax? 😱
#TaxTim director Daniel Swiegers recently joined Pippa Hudson on CapeTalk to unpack how SARS is defining influencers and what creators need to know about staying compliant.
omny.fm/shows/afternoo…
Budget 2026 has landed and it could mean more money staying in your pocket. 💰
There are a few welcome changes, but also some increases that may quietly affect your monthly costs.
We’ve broken down the key highlights and what they could mean for you.
taxtim.com/za/blog/budget…