Budget 2026: Slight Relief for Overburdened Individual Taxpayers

Budget 2026: Slight relief for overburdened individual taxpayers

Full relief for inflation with small increase in medical tax credits

Long overdue tax relief for individuals

Key topics:• Government adjusts tax brackets by 3.4% to ease bracket creep• Medical tax credits increase for first time since 2023• Long overdue personal income tax relief for individualsBizNews ReporterAfter two years of ignoring the destructive impact in individuals of leaving South Africa’s progressive tax tables unattended, the government has this year provided relief from bracket creep. It’s not exactly huge - tax brackets and rebates will …