TFSA Calculator
TFSA Calculator
Project your Tax-Free Savings Account growth. See how compound returns and tax-free investing can build your wealth.
Uses SARS 2026/2027 rates, checked 29 July 2026.
TFSA Calculator
TFSA Growth Projection
Your final balance will show here.
TFSA Limits & Rules
Key limits and rules for Tax-Free Savings Accounts in South Africa
Annual Contribution Limit
R 46 000,00 per tax year (1 March to end of February). Unused allowance cannot be carried over to the next year.
Lifetime Contribution Limit
R 500 000,00 total across all TFSA accounts. Withdrawals do not restore your lifetime limit.
Over-Contribution Penalty
40% penalty tax on any amount exceeding the annual or lifetime limit. This is deducted directly from your account.
Tax-Free Returns
All interest, dividends, and capital gains earned within the TFSA are completely exempt from tax. No need to declare on your tax return.
Withdrawals
You can withdraw from your TFSA at any time with no penalty. However, the withdrawn amount still counts towards your lifetime limit and cannot be re-contributed.
TFSA Calculator FAQs
Common questions about Tax-Free Savings Accounts in South Africa
Next step
Compare with a retirement annuity's tax saving.
Important Disclaimer
Accounter does not provide accounting, tax, business or legal advice. This calculator has been provided for information purposes only. You should consult your own professional advisors for advice directly relating to your business.