Deprecated : Using null as an array offset is deprecated, use an empty string instead in /home/mycompanyreg/public_html/wp-includes/class-wp-hook.php on line 91 Personal Income Tax Brackets and Payroll Planning for Employers - My Company Registrations
Current Brackets (Hypothetical Example)
Up to R237,100: 18%
R237,101 – R370,500: 26%
R370,501 – R512,800: 31%
R512,801 – R673,000: 36%
R673,001 – R857,900: 39%
R857,901 – R1,817,000: 41%
Above R1,817,000: 45%
Payroll Planning Tips
Bracket Creep Awareness: As salaries increase with inflation, employees may move into higher tax brackets. Adjust net salary projections accordingly.Fringe Benefits: Use tax‑efficient fringe benefits (medical aid, pensions, travel allowances) to help employees manage tax burdens.Annual Reviews: Update payroll software with new tax tables each year.Communication: Provide employees with personal tax breakdowns to help them understand deductions.Payroll Tax Training: Train HR teams to stay abreast of tax changes, including skills development levy thresholds and UIF adjustments.
