The GFS Personal Income Tax Estimator and Records Worksheet – 2026/27

Description

Understanding the order of a personal income-tax calculation can make annual tax records far easier to organise. The GFS Personal Income Tax Estimator and Records Worksheet – 2026/27 helps individuals bring their annual income, exemptions, deductions, medical tax credits and tax payments together in one structured calculation. The auto-calculating workbook uses the South African individual tax scale and annual constants applicable to the 2027 year of assessment, from 1 March 2026 to 28 February 2027.

The complete download includes

• An auto-calculating Excel workbook with clearly marked input and calculation cells.
• A 21-page plain-English guide.
• Current 2026/27 individual tax brackets, rebates and important annual limits.
• Medical scheme fees and additional medical expenses tax credit worksheets.
• Retirement-fund contribution and section 18A donation calculations.
• PAYE and provisional-tax payment comparisons.
• Worked examples for different age and income situations.
• Five printable worksheets.
• An annual supporting-document checklist.
• Primary SARS source references and clear professional-review warnings.

Designed to help you

• Understand the difference between income, exemptions, deductions, rebates, tax credits and tax already paid.
• Record annual figures in a logical order.
• Identify missing certificates and supporting schedules.
• Estimate a possible amount payable or refundable.
• Prepare organised information for SARS or a registered tax practitioner.

Important limitations

This is a simplified estimator for ordinary individual income-tax situations. It deliberately warns the user to obtain professional assistance for matters such as uncertain tax residence, foreign income, special-rate lump sums, complex capital gains, assessed losses, trusts, turnover tax, employee share schemes, crypto transactions, complex disability claims, deceased estates, tax directives, audits or disputes. Annual edition: Use only for the 2027 year of assessment, from 1 March 2026 to 28 February 2027. Educational information only: This product does not prepare or submit a tax return and does not replace a SARS assessment or personalised financial, investment, tax or legal advice. Tax treatment depends on the taxpayer’s circumstances, supporting records and the law applying to the relevant year.