National Budget Speech 2018 | Sanlam
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2018 South African National Budget Speech

The South African National Budget Speech 2018

How it will impact your personal income.

On 21 February Finance Minister, Malusi Gigaba, delivered the 2018 National Budget Speech. He announced an increase in the VAT rate from 14% to 15% and below inflation increases in personal income tax rebates and the personal income tax brackets, with the top four brackets remaining the same. Use our 2018 Tax Calculator to work out how this will affect your personal income.

Tax Calculator

Work out what the 2018 Budget means for your income tax.


Read our experts’ opinion on the 2018 Budget Speech.


Download the Budget Speech transcripts and tax information.


Invest online and save on your personal tax in 2018.

2018/2019 Tax Calculator

Calculate your monthly and annual income tax for the 2018/2019 financial year.

Post-budget Commentary

Economist View

Arthur Kamp: Investment Economist: Sanlam Investments

A “Belt-Tightening” Budget to Benefit South Africa

Jean Lombard: Chief Executive: Savings

Impact on the Retirement Fund Industry and Members

Anton Swanepoel: Head Legal Services: Sanlam Employee Benefits

The Aspects that Impact Financial Planners

Sanlam Life: Law Services

Die Aspekte wat Finansiële Beplanners Raak

Sanlam Lewens: Regsdienste

Visit the Sanlam Blog for a breakdown of the key points from Budget Speech 2018.

Tax Efficient Investment Solutions

You can’t control the outcome of the Budget Speech, but you can control your financial future. Take advantage of Sanlam’s range of tax-efficient products.

Retirement Annuity

Maximise your tax benefit by investing up to 27.5% of your annual taxable income (limited to R350 000 p/a). Start today from only R300 per month.

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Tax-free Investments

Invest from as little as R250 per month, and pay zero tax on interest, dividends or capital gains.

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Get Advice

Minister Malusi Gigaba’s Budget Speech will affect your budget this year. To make the best decisions about your hard-earned money, talk to an experienced Sanlam financial planner today.