Quick glance at the 2011/2012 tax budget speech

Here is a quick glance at the tax budget speech of yesterday. A more detailed summary will follow in March.

Tax table for individuals


Tax Tables 2012



Tax rebates:

Primary rebate (Under the age of 65) * R 10,755

Secondary rebate (The age of 65 >) * R 6,012

Additional rebate (The age of 75 >) * R 2,000

Tax thresholds:

Under the age of 65 * R 59,750

The age of 65 > * R 93,150

The age of 75 > * R 104,261

Medical scheme contributions:

Annual cap for first two (2) members * R 720 pp

Annual cap – additional beneficiaries * R 440 pp




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