Annual income tax payable and average tax rates: 2017/18 and 2018/19 tax years TAXPAYERS BELOW 65 YEARS OF AGE Taxable income (R) 85 000 90 000 100 000 120 000 150 000 200 000 250 000 300 000 400 000 500 000 750 000 1 000 000 1 500 000 2 000 000

2017/18 2018/19 Tax % Average tax rates rates (R) rates (R) change (R) change Old rate New rate 1 665 1 233 –432 –25.9% 2.0% 1.5% 2 565 2 133 –432 –16.8% 2.9% 2.4% 4 365 3 933 –432 –9.9% 4.4% 3.9% 7 965 7 533 –432 –5.4% 6.6% 6.3% 13 365 12 933 –432 –3.2% 8.9% 8.6% 23 174 22 265 –910 –3.9% 11.6% 11.1% 36 174 35 265 –910 –2.5% 14.5% 14.1% 49 347 48 265 –1 083 –2.2% 16.4% 16.1% 80 347 78 972 –1 375 –1.7% 20.1% 19.7% 115 824 113 807 –2 017 –1.7% 23.2% 22.8% 212 490 210 473 –2 017 –0.9% 28.3% 28.1% 314 990 312 973 –2 017 –0.6% 31.5% 31.3% 519 990 517 973 –2 017 –0.4% 34.7% 34.5% 744 990 742 973 –2 017 –0.3% 37.2% 37.1%

TAXPAYERS AGED 65 TO 74 Taxable income (R) 120 000 150 000 200 000 250 000 300 000 400 000 500 000 750 000 1 000 000 1 500 000 2 000 000

2017/18 rates (R) 484 5 884 15 693 28 693 41 866 72 866 108 343 205 009 307 509 512 509 737 509

2018/19 Tax % Average tax rates rates (R) change (R) change Old rate New rate – –484 –100.0% 0.4% 0.0% 5 220 –664 –11.3% 3.9% 3.5% 14 552 –1 142 –7.3% 7.8% 7.3% 27 552 –1 142 –4.0% 11.5% 11.0% 40 552 –1 314 –3.1% 14.0% 13.5% 71 259 –1 607 –2.2% 18.2% 17.8% 106 094 –2 249 –2.1% 21.7% 21.2% 202 760 –2 249 –1.1% 27.3% 27.0% 305 260 –2 249 –0.7% 30.8% 30.5% 510 260 –2 249 –0.4% 34.2% 34.0% 735 260 –2 249 –0.3% 36.9% 36.8%

TAXPAYERS AGED 75 AND OVER Taxable income (R) 150 000 200 000 250 000 300 000 400 000 500 000 750 000 1 000 000 1 500 000 2 000 000

2017/18 rates (R) 3 393 13 203 26 203 39 376 70 376 105 853 202 518 305 018 510 018 735 018

2018/19 Tax % rates (R) change (R) change 2 646 –747 –22.0% 11 978 –1 225 –9.3% 24 978 –1 225 –4.7% 37 978 –1 398 –3.5% 68 685 –1 690 –2.4% 103 520 –2 332 –2.2% 200 186 –2 332 –1.2% 302 686 –2 332 –0.8% 507 686 –2 332 –0.5% 732 686 –2 332 –0.3%

Average tax rates Old rate New rate 2.3% 1.8% 6.6% 6.0% 10.5% 10.0% 13.1% 12.7% 17.6% 17.2% 21.2% 20.7% 27.0% 26.7% 30.5% 30.3% 34.0% 33.8% 36.8% 36.6%

Source: National Treasury 2018 Budget Review