Sin tax, TFSA and personal income tax - Quick picks from the 2026 Budget Speech

In the 2026 Budget Speech, Finance Minister Enoch Godongwana outlines key tax changes affecting South Africans, including sin tax increases on alcohol and tobacco, adjustments to personal income tax brackets and rebates, and a higher VAT registration threshold from R1 million to R2.3 million. The budget also raises the tax-free savings account (TFSA) annual limit to R46 000 and increases retirement fund tax deduction limits to R430 000.