Spreading the Tax on a Bonus Over the Year
This is a new feature that allows the tax on a future-dated bonus to be spread over the payslips leading up to the bonus, or over the remainder of the tax year. Read more in our blog.
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National Budget Speech 2025
On 12 March 2025, the National Treasury presented South Africa’s 2025 Budget Speech. There have been no changes made to personal income tax tables, rebates, or thresholds.
Update: Delayed Budget Speech – Impact on Your Payroll
In preparation for the delayed Budget Speech on 12 March 2025, we’ve prepared this update on what to expect and what to do regarding your March 2025 payslips.
National Budget Speech 2025 Delayed
An important development for payroll in South Africa is that the tabling of the 2025 Budget Speech has been postponed to 12 March 2025.
Official Interest Rate Change for Employer Loans - January 2025
The repo rate has been reduced by another 25 basis points. This will affect the interest rate applicable to our Employer Loan item on payslips from 1 February 2025.