Retirement Annuity Deduction 2026 / 27
How much income tax you save by contributing to a pension, provident, or retirement annuity fund. 27.5% of income, capped at R430,000 per year (raised from R350,000 in the 2026 Budget).
Your numbers
Salary + any other earned or taxable income for the year.
Total you contributed over the year to any pension, provident or RA fund — including employer contributions on your behalf.
Leave as 0 if you're not on a registered medical scheme.
Tax saving
R 0
your return from the deduction this year
Deduction
Your contributionsR 0
27.5% of income capR 0
Annual hard capR 430 000
Deductible this yearR 0
Tax impact
Tax on full incomeR 0
Tax on income − deductibleR 0
Saving (difference)R 0
Claim on your ITR12 annual return — your employer's payroll deduction of pension / provident contributions already reduces PAYE. RA contributions typically need to be claimed at assessment; bring your IT3(f) certificate.