2024 Social Security Tax Limit Cape Town. While south africa does not have a traditional social security tax, the taxes paid by individuals and corporations contribute to the funding of social security programs. In 2024, earnings up to $168,600 are subject to the social security tax.

(last year, the tax limit was $160,200. For 2024, the social security tax limit is $168,600, and it will increase to $176,100 in 2025.