Use our income tax calculator to work out your monthly take-home pay. We also have our team of accredited financial advisers ready to help you save on income tax.
Income tax table for individuals2021 tax year (1 March 2020 – 28 February 2021)
| Taxable income (R) | Rates of tax (R) |
|---|---|
| 1 – 205 900 | 18% of taxable income |
| 205 901 – 321 600 | 37 062 + 26% of taxable income above 205 900 |
| 321 601 – 445 100 | 67 144 + 31% of taxable income above 321 600 |
| 445 101 – 584 200 | 105 429 + 36% of taxable income above 445 100 |
| 584 201 – 744 800 | 155 505 + 39% of taxable income above 584 200 |
| 744 801 – 1 577 300 | 218 139 + 41% of taxable income above 744 800 |
| 1 577 301 and above | 559 464 + 45% of taxable income above 1 577 300 |
Why choose Old Mutual’s
Here’s why people choose us:
What is a Tax Free Savings Account?
It’s like the name says. The Old Mutual Tax Free Savings Account (TFSA) lets you grow your money without paying tax on the growth of your investment (capital gains), the interest or dividends. Simply decide on how much you want to save and how often. Then let your money make more money. The longer you leave it, the more it grows. And when you’re ready, access your money. No tax payable.
What’s in it for you?
- Reach your goals, then make new ones
- Pay no tax on the growth of your investment
- Start with as little as R250
- Invest a maximum of R36 000 per tax year and R500 000 over your lifetime
- Quickly access your money when you really need it
It’s your choice
Choose from a selection of underlying funds to suit your needs.
We’re affordable
Start from as little as R250 a month and enjoy a competitive fee structure.
Save even more
When you invest in Old Mutual funds, you get one third off your administration fees.