Retirement Lump Sum Benefits
Withdrawal Benefits
2027 tax year (1 March 2026 – 28 February 2027)
| Taxable income | Rate of tax |
|---|---|
| R1 – R27 500 | 0% of taxable income |
| R27 501 – R726 000 | 18% of taxable income above R27 500 |
| R726 001 – R1 089 000 | R125 730 + 27% of taxable income above R726 000 |
| R1 089 001 and above | R223 740 + 36% of taxable income above R1 089 000 |
Retirement fund lump sum benefits or severance benefits
2027 tax year (1 March 2026 – 28 February 2027)
| Taxable income | Rate of tax |
|---|---|
| R1 – R550 000 | 0% of taxable income |
| R550 001 – R770 000 | 18% of taxable income above R550 000 |
| R770 001 – R1 155 000 | R39 600 + 27% of taxable income above R770 000 |
| R1 155 001 and above | R143 550 + 36% of taxable income above R1 155 000 |