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:

20222021202020192018201720162015
Person younger than 65R23 800R23 800R23 800R23 800R23 800R23 800R23 800R23 800
Person 65 and olderR34 500R34 500R34 500R34 500R34 500R34 500R34 500R34 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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