top banner

Share Share Share

Budget Speech in a nutshell

>  Understanding the National Budget Speech


>  Annual Payroll Tax Seminar

Finance Minister Nhlanhla Nene will present his 1st Budget Speech to parliament on 25 February 2015. Visit this page for insights, tax tables, tax guides and transcripts.


Book a seat at our 2015 Annual Payroll Tax Seminar and ensure you're up-to-date with all important payroll legislation changes announced in the annual Budget Speech. Book a seat here.


>  Win R10 000


>  Check your tax

How do you think the Minister of Finance will allocate our tax money? Predict how the national budget will be sliced and you could win R10 000! The most accurate prediction wins. Competition opens on 11 February 2015.


Know how the 2015 Budget Speech will affect your pocket. We will e-mail you the salary tax calculator link straight to your inbox as soon as the Budget Speech has been announced. Insert your e-mail address here.

middle banner

2014/2015 Tax Tools

Salary Tax Calculator


New Tax Rates

Want to know whether the 2014/2015 Budget Speech will cost you more at the end of every month?

You can simply check online with our latest salary tax calculator. All you need to do is to simply enter your current monthly salary and your monthly or annual allowances.

You will be able to view what your tax saving or liability will be in the 2014/2015 tax year. The salary tax calculator was specifically developed in line with the 2014 Budget Speech changes.


The rates of tax in respect of the 2014/2015 tax year are set out in the tax table below. After the 2015 Budget Speech announcement on 25 February 2015, the rates of tax will be updated for the 2015/2016 tax year.

Taxable Income (R): Rates of Tax:
0 – 174,550 18% of taxable income
174,551 – 272,700 R31,419 + 25% of taxable income above R174,550
272,701 – 377,450 R55,957+ 30% of taxable income above R272,700
377,451 – 528,000 R87,382 + 35% of taxable income above R377,450
528,001 – 673,100 R140,074 + 38% of taxable income above R528,000
673,101 and above R195,212 + 40% of taxable income above R673,100
Tax Thresholds:
Below age 65: Age 65 and below 75: Age 75 and over:
R12,726 R7,110 R2,367
R70,700 R110,200 R123,350
Monthly Medical Aid Tax Credits Value
Principal member R257
First dependent R257
Each additional dependent R172

Training & Seminars

Payroll Training

Authorised Training Centres (ATC)
Our Training Academies

Training Information
ICB Qualification
SETA Accreditation

Find an ATC

© Sage Pastel Payroll & HR 2015 | Developed by South Africans, for South Africans. | Sage Pastel Payroll & HR is a division of Sage South Africa (Pty) Ltd