Budget Speech 2014-2015 and new tax tables

Feb 26 2014
South African Budget 2014 - 2015

The 2014/2015 South African Budget Speech was presented by the Minister of Finance, Pravin Gordhan on Wednesday, 26 February 2014. See the attached SARS pocket tax guide for a summary of all the latest changes.

Calculate tax with our comprehensive online tax calculator.

Below are the 2014/2015 South African tax tables.

Individuals and special trusts

Taxable Income Rate of Tax (R)
0 - 174 550 18% of taxable income
174 551 - 272 700 31 419 + 25% of taxable income above 174 550
272 701 - 377 450 55 957 + 30% of taxable income above 272 700
377 451 – 528 000 87 382 + 35% of taxable income above 377 450
528 001 – 673 100 140 074 + 38% of taxable income above 528 000
673 101 and above 195 212 + 40% of taxable income above 673 100

Tax Rebates

Rebate  
Primary R12 726
Secondary (Persons 65 and older) R7 110
Tertiary (Persons 75 and older) R2 367

Tax Thresholds

Age Tax Threshold
Below age 65 R70 700
Age 65 to 75 R110 200
Age 75 and over R123 350