Two-Pot Retirement Calculator
Calculate the tax on your two-pot retirement fund withdrawal. See your exact net payout using SARS 2025/2026 tax tables.
Marginal Tax Rate
Calculates exact tax using your income bracket and SARS tax tables
Net Payout
See exactly how much you will receive after tax is deducted
SARS 2025/2026
Updated with current tax brackets and rebates
How two-pot retirement withdrawals are taxed in South Africa
Two-pot retirement withdrawals in South Africa are taxed at your marginal income tax rate. The withdrawal amount is added to your annual taxable income, and the additional tax is deducted before you receive the funds. For example, if you earn R400,000/year (31% bracket) and withdraw R50,000, you would pay approximately R15,500 in tax and receive R34,500. The minimum withdrawal is R2,000 and you can make one withdrawal per tax year from each fund.
Think carefully before withdrawing
Money withdrawn cannot be put back, reduces your retirement savings, and may push you into a higher tax bracket. Only withdraw for genuine financial emergencies.
Two-Pot Withdrawal Calculator
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Ready to Calculate
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Understanding the Two-Pot System
Everything you need to know about South Africa's two-pot retirement system
How It Works
From 1 September 2024, all new retirement fund contributions are split: 1/3 goes to the savings component (accessible once per tax year) and 2/3 goes to the retirement component (locked until retirement).
Seed Capital
Up to R30,000 from your vested component (pre-September 2024 savings) was transferred into your savings component as seed capital, giving you an immediate balance to access from day one of the new system.
Vested Component
Your pre-September 2024 retirement savings remain in a vested component and continue to operate under the old rules. These funds are generally preserved until retirement, with limited withdrawal options.
Tax Treatment
Withdrawals from the savings component are taxed at your marginal income tax rate. The withdrawal is added to your annual taxable income, and SARS deducts the additional tax before you receive the funds.
Minimum Withdrawal
The minimum withdrawal is R2,000. You cannot make a withdrawal below this threshold. If your savings balance is below R2,000, you will need to wait until it grows before you can make a withdrawal.
Once per Tax Year
You can make one withdrawal per tax year (1 March to 28 February) from each retirement fund's savings component. If you have multiple funds, you can withdraw from each of them once per year.
SARS 2025/2026 Tax Brackets
Your withdrawal is taxed at the marginal rate applicable to your income + withdrawal amount
| Taxable Income | Marginal Rate |
|---|---|
| R 0,00 – R 237 100,00 | 18% |
| R 237 101,00 – R 370 500,00 | 26% |
| R 370 501,00 – R 512 800,00 | 31% |
| R 512 801,00 – R 673 000,00 | 36% |
| R 673 001,00 – R 857 900,00 | 39% |
| R 857 901,00 – R 1 817 000,00 | 41% |
| R 1 817 001,00 and above | 45% |
Two-Pot Retirement Calculator FAQs
Common questions about the two-pot retirement system and withdrawal tax in South Africa
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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.