South Africa, 2026/27 tax year
Know what your retirement pays, after tax
Free calculators for the tax on a retirement lump sum, the income from a living annuity at 2.5% to 17.5%, and the tax on a two-pot savings withdrawal. Built on SARS tables and National Treasury rules, with the sources linked.
- Sources: SARS, National Treasury
- Reviewed 30 October 2026
- No product recommendations
Retirement lump sum of R1 000 000
- Tax-free portion
- R550 000
- Tax (no earlier lump sums)
- R101 700
- You receive
- R898 300
Living annuity of R3 000 000 at 5%, age 66
- Income a month
- R12 500
- Tax a month
- R0
SARS 2026/27 tables · example only
Calculators
Each one shows its working, step by step, and links to the SARS or Treasury source.
Lump sums Cash from your fund at retirement or when you leave
Living annuities Your income after retirement
Two-pot Savings component withdrawals
The key numbers for 2026/27
- Tax-free at retirement
- R550 000
- Tax-free on withdrawal
- R27 500
- Living annuity drawdown
- 2.5–17.5%
- Full cash if the fund is
- R360 000
- Cash in a living annuity
- < R150 000
- Two-pot minimum
- R2 000
once in a lifetime, across all funds
when you cash in before retirement
chosen yearly on the anniversary date
or less, from 1 March 2026
from 1 March 2026
once per tax year, taxed at your marginal rate; seed capital was capped at R30 000
Plain-English guides
What the rules say, with links to SARS and Treasury.
Retirement lump sum tax tables 2026/27
The SARS retirement and withdrawal tables, the R550 000 tax-free portion and how earlier lump sums count.
Read the guideLiving annuity rules
The 2.5% to 17.5% limits, the anniversary date, the R150 000 commutation and the R360 000 de minimis.
Read the guideThe two-pot retirement system
Savings, retirement and vested components, seed capital and how withdrawals are taxed.
Read the guideWhy KayaRetire?
Official figures only
Tax tables come from SARS, drawdown limits from the Minister of Finance's notice, and two-pot rules from SARS and National Treasury. Each page links to them.
Information, not selling
We do not recommend products, funds or providers, take commission or use affiliate links. We are not a financial services provider.
Private by design
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