Tax Savings Calculator
Compare the growth of a TFSA vs a regular taxable investment account to see how much you save in taxes.
Your Inputs
R
Max R36,000 per year
R
Your tax bracket: 31.00%
4%15%
1 year40 years
TFSA Account
R 242,190
Tax-free growth
Taxable Account
R 136,728
After taxes at 31.00%
Your Tax Savings
R 105,462
That's 292.95% more than your original investment!
How This Works
In a TFSA, all growth (dividends, interest, capital gains) is completely tax-free. Your money compounds without any tax drag.
In a taxable account, growth is typically taxed at your marginal rate. Dividends and interest reduce your compounding power each year.
Over 20 years at your 31.00% tax bracket, this difference becomes significant. The longer you invest, the more you benefit from tax-free compounding.
2026 Tax Brackets Reference
| Income Range | Tax Rate |
|---|---|
| R 0 - R 237,100 | 18.00% |
| R 237,101 - R 370,500 | 26.00% |
| R 370,501 - R 512,800 | 31.00% |
| R 512,801 - R 673,000 | 36.00% |
| R 673,001 - R 857,900 | 39.00% |
| R 857,901 - R 1,817,000 | 41.00% |
| R 1,817,001 - + | 45.00% |