Income tax / PAYE

What reaches the bank from a salary, and the salary that covers what you spend.

Changes you make are confirmed here.

Example data - to be completed. These numbers belong to a sample household. Set your own salary in the sliders →

17.5% effective

Of a R 35 000 salary, about R 28 688 reaches the bank.

PAYE
R 6 135
per month, 2026/27 tables
UIF
R 177
1%, capped
Take-home
R 28 688
before medical aid and RA
Effective rate
17.5%
tax as a share of gross
Marginal rate
31%
on the next rand earned

What this means

  • Every extra R1 000 of salary is taxed at 31%.
  • Medical aid, out-of-pocket medical costs and RA contributions lower the tax - set them in the sliders below.
  • Uses SARS 2026/27 brackets and the rebates for an age under 65.

How this is worked out →

Try it: what does it really cost after tax?

Add what you are thinking of paying this tax year - a dental implant, an extra RA contribution, or several together. It is worked out on the salary, age, medical aid and RA set in the sliders above.

How it is worked out

  • Annual salary R 420 000 (R 35 000 a month) is taxed at a top marginal rate of 31%, after rebates of R 17 820 for an age under 65 (no date of birth on your people page).
  • Annual tax before medical aid and RA comes to R 73 617. UIF is 1% of salary, capped at R 177.12 a month.
  • Rebates (2026/27): primary R 17 820 for everyone; plus R 9 765 from 65; plus R 3 249 from 75 - age on the last day of the tax year. That is no tax below R 99 000 under 65, R 153 250 at 65 to 74 and R 171 300 from 75.
  • Retirement annuity / pension / provident contributions are deducted up to 27.5% of your income, capped at R 430 000 a year. Anything above that carries forward to next year - it saves no tax this year.
  • Medical scheme fees tax credit: R 376 a month for you, R 376 for the first dependant and R 254 for each further one.
  • Additional medical expenses credit, under 65: 25% of (scheme fees above 4 times the credit, plus out-of-pocket medical costs) above 7.5% of taxable income.
  • From 65, or with a disability (you, your spouse or a child): 33.3% of (scheme fees above 3 times the credit, plus all out-of-pocket medical costs) - no 7.5% threshold.
  • Both medical credits only reduce tax you would pay - they never take it below zero, and an unused credit is not paid out.

SARS 2026/27 figures. Sources: SARS - rates of tax for individuals; SARS - medical tax credit rates; SARS - Budget 2026 FAQ (RA cap R430 000, additional medical credit). An estimate, not tax advice.

What happens to your statement

A statement we can read is never written to disk and is never kept. Your PDF or CSV is read in memory, the transactions are taken out of it, and the file itself is gone before the page comes back. We never have a copy of a statement we could read.

The one exception is a statement laid out in a way we cannot read yet. Then we keep one encrypted copy of that file, not linked to your account here, so we can teach the site to read that layout, and we delete it after 30 days. Nothing from it is added to your transactions.

The transactions we read out of it are kept for 13 months, so that your statements are still here when you come back next month and so this September can be put beside last September. What is kept for each transaction is exactly this: the date, the description as your bank printed it, the shop name we worked out from it, the amount, the running balance if your bank printed one, and the category it ended up in. Alongside them we keep which bank it was, which account type your bank printed on it, and which dates it covered.

We keep your account number, and we hold it encrypted. It is on the screen because it is the only thing that tells two accounts at the same bank apart — two Investec accounts can both be called "Private Bank Account". It is stored scrambled with a key that is not kept in the same place as the number, and it is deleted when the rest of your statements are: with your account if you have one, or with the 13 months if you do not.

We put a cookie in this browser so that your statements are still here when you come back. It holds one random number and nothing else. That cookie is the only thing that joins one visit to the next, it is the only way we can find your statements again, and clearing your browser's cookies ends it — after that we have no way to match you to anything we hold, and it is deleted when it expires.

We do not ask who you are. We do not store your name, and we do not store your IP address, and you can use all of this without telling us anything about yourself. The account number above is the one thing we read off the statement that identifies the account, and we never ask you to type it in.

If you create an account, we store your email address and a scrambled form of your password — nothing else about you. That is the only thing an account changes: your statements follow your email address instead of this browser, so you can reach them from your phone or from another computer. We never keep the password itself and it cannot be worked back out of what we store.

After 13 months it is deleted automatically, by a job that runs every night, and the 13 months starts again each time you come back. An account is the exception: your statements are kept for as long as the account exists — a tool for putting this September beside last September cannot delete the September you came back to compare against.

We also keep a count of how often a shop lands in a category — like “CHECKERS, Groceries, 412 times” — and your corrections improve it. That count is all we keep: no amounts, no dates, and no link to you or to anyone else.

Nothing about your statement leaves our servers. It is not sent to any other company, it is not used to advertise to you, and it is not sold.

When you tell us to always file a shop or a description under a category, that rule is kept with your statements — the text it matches, the category you chose and, if you limited it to one account, which account; nothing else. The Rules page lists every rule and deletes any of it.

The full privacy policy and the terms of use say the same things at greater length.

You need to accept this before you upload a statement. It stays in the left-hand menu, so you can read it again at any time.