Useful next calculations
When to use this calculator
- Before accepting a pay change, bonus or contribution arrangement.
- When you want a simple take-home or conversion estimate before payroll or filing.
- When you need to convert between hourly, monthly and annual pay.
- When you want to compare two pay scenarios using the same assumptions.
A worked example
These are the example figures the calculator opens with.
| Input | Value |
|---|---|
| Proceeds from Sale (R) | 2 000 000 |
| Base Cost (original cost + improvements) (R) | 1 200 000 |
| Other Taxable Income (R) | 0 |
| Asset Type | Shares / unit trusts |
For those figures the calculator returns:
- Capital gain: R800 000,00
- Primary residence exclusion: R0.00
- Taxable gain (40% inclusion): R300 000,00
- CGT payable: R58 392,00
- Effective rate: 7.30%
- Net after tax: R741 608,00
How to read your results
Taxable Gain (40% inclusion)
Review this figure alongside gross income and the local tax rules that apply to you. It is a planning estimate, not a filing result.
Effective Rate
The effective rate lets you compare options on a like-for-like basis rather than being misled by different compounding periods or fee structures.
Net After Tax
Review this figure alongside gross income and the local tax rules that apply to you. It is a planning estimate, not a filing result.
Common mistakes
- Using an assumption that is not supported by a current local quote, bill, statement or official source.
- Treating a generic estimate as a lender, provider, payroll or tax authority decision.
- Mixing monthly and annual inputs without converting them consistently.
- Testing only one scenario instead of checking how a cautious assumption changes the result.
What to do next
- Run a second scenario with a cautious assumption so you can see the downside clearly.
- Compare the result with the related calculators below before making a decision.
- Check current local rules, eligibility and provider terms before applying or committing money.
- Keep a record of the assumptions so you can update the estimate when a quote, bill or pay figure changes.
Questions people ask
Every individual taxpayer receives a R40,000 annual capital gains exclusion from SARS each tax year. This amount is subtracted from your total net capital gains before the 40% inclusion rate is applied. The exclusion resets annually and cannot be carried forward. In the year of death, the exclusion is increased to R300,000.