№05 Calculator · TFSA
TFSA tracker — never trip the 40% penalty.
Annual room remaining (R36 000) and lifetime room remaining (R500 000), across every TFSA you hold. The cap is per person — not per account.
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Method
How this works
The maths is the easy part — the gotcha is the lifetime cap. We track three numbers:
- Annual room remaining = R36 000 − contributions this tax year.
- Lifetime room remaining = R500 000 − total lifetime contributions.
- Excess = the larger of (annual breach, lifetime breach), then × 40% for the penalty.
The annual cap resets each 1 March. The lifetime cap does not — and withdrawals don't restore lifetime room. That's the rule that catches people out.
FAQ
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