Interest and Dividends

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Interest Exemptions

Interest from a South African source earned by any natural person is exempt, per annum, up to an amount of:

​2022​​2021​2020​​20192018​​2017​2016​​2015
​Person younger than 65​R23 800​​R23 800​R23 800​​R23 800​R23 800​R23 800​R23 800​R23 800
​Person 65 and older​R34 500​R34 500​R34 500​​R34 500​R34 500​R34 500​R34 500​R34 500

Please note: For the 2012 tax year – Foreign interest and foreign dividends are only exempt up to R3 700 out of the total exemption.

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