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Two-Pot Calculator

Calculate your net amount after withdrawal and taxes

Annual taxable income? R
Not sure? Use our salary calculator to work it out.
Amount to withdraw? (Minimum R2,000) R
Do you owe SARS any tax?
This would include income tax and penalties.
If Yes, how much? R
Net amount you will receive:
R @{ netAmount }
This is how you work it out:
Taxable income = R @{ totalTaxableIncome }
Marginal tax rate = @{ taxRate }%
Tax on withdrawal is approximately R @{ taxOnWithdrawal }
SARS owed = R @{ sarsOwed }
Net amount = R @{ netAmount }

Disclaimer: This calculator relies on inputs provided by you and therefore TaxTim cannot take responsibility for any errors or omissions on your part. Since there are factors that may affect the result of this calculation that are outside the knowledge of TaxTim, TaxTim cannot take full responsibility for the result displayed. The calculator is for indicative purposes only, for a complete calculation ask a professional.

Please note: There may be additional fees deducted by your fund administrator.

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