Tools
Tax-free savings calculator
See how a tax-free savings account could grow, and when you would reach the annual and lifetime limits.
Your savings
What you put in
R360,000
Growth
R498,990
Final balance
R858,990
Next step
Saving outside a tax-free account as well? Try the compound interest calculator.
How this works
- Uses the SARS limits of R46,000 a year and R500,000 in a lifetime. Contributions above either limit are taxed at 40%, so the calculator stops at the limit.
- Assumes a March start, so each year's limit lines up with the tax year. Figures are before inflation.
- Withdrawals do not free up your limits: money you take out still counts.
- What you have already contributed is treated as your balance today. Your real balance may be higher or lower.
- A planning tool, not financial advice.
Common questions.
More calculators.
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