Is a R2 interest credit taxable?

It is income, then exempt if you are under the annual slice. Declare the IT3(b) total; do not hide it.

Is EasyEquities interest the same as a share sale?

No. A withdrawal of proceeds is usually CGT. Cash interest in a bank product is 10(1)(i).

Tax Tips · 6 min

The Local Interest Exemption (Section 10(1)(i))

Discovery “interest boost” is still interest. A crypto off-ramp is not.27 September 2026 All articles

The exemption

For the current individual tables: R23,800 if you are under 65, R34,500 from 65. Only South African-source interest. Amounts above the slice are taxable at your marginal rate.

What the statement calls it

Interest earned, interest boost, interest cashback. If the model tagged those lines as INVESTMENT, they are still interest. They do not get the CGT 40% inclusion or the R50,000 CGT exclusion.

TFSA is separate

Interest inside a tax-free savings account is already exempt (section 12T). It does not consume the 10(1)(i) slice.

Questions

Is a R2 interest credit taxable?: It is income, then exempt if you are under the annual slice. Declare the IT3(b) total; do not hide it.
Is EasyEquities interest the same as a share sale?: No. A withdrawal of proceeds is usually CGT. Cash interest in a bank product is 10(1)(i).

Disclaimer: This is general guidance based on the South African Income Tax Act and published SARS Interpretation Notes as at the 2026/2027 year of assessment (1 March 2026 – 28 February 2027). It is not professional tax advice. Deductibility depends on your facts. Confirm current figures on sars.gov.za before you file.

Find the interest income in your bank statements

Upload bank statements. Taxzi flags lines that may qualify under SARS rules. Mixed shops stay out until you say what they were. You confirm every claim. This is guidance — not a filed return.

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