Actuary Salary in South Africa (2026)
Salary Overview
Salary by Experience Level
| Level | Experience | Monthly | Annual |
|---|---|---|---|
| Entry Level | 0 - 3 years | R35 000 | R420 000 |
| Mid Level | 3 - 8 years | R65 000 | R780 000 |
| Senior Level | 8 - 15 years | R100 000 | R1 200 000 |
| Top Level | 15+ years | R160 000 | R1 920 000 |
Take-Home Pay Calculator
See how much a actuary takes home after tax and UIF. Adjust the salary to match your offer or current pay.
Estimate based on 2025/2026 SARS tax tables. Excludes medical aid, pension, and other deductions. UIF Calculator
What Does a Actuary Do?
Actuaries use mathematics, statistics, and financial theory to assess risk for insurance companies, pension funds, and financial institutions. Qualified actuaries (FASSA) are among the highest-paid professionals in South Africa. The qualification process through the Actuarial Society of South Africa takes 6-10 years to complete.
Qualifications & Requirements
- BSc Actuarial Science or Mathematics
- Fellowship of the Actuarial Society of SA (FASSA)
- Ongoing professional examinations (6-10 years)
- Advanced Excel and programming skills
Job Market Demand
Related Careers in Finance & Business
Compare Salaries - Similar Pay Range
Other careers in South Africa with similar earning potential to a actuary.
Frequently Asked Questions
What is the average actuary salary in South Africa?
The average actuary salary in South Africa is approximately R90 000 per month or R1 080 000 per year in 2026. Entry-level positions start at around R35 000/month, while experienced professionals at senior level can earn up to R160 000/month.
How much does a actuary earn per month in South Africa?
A actuary in South Africa earns between R35 000 and R160 000 per month depending on experience level. Entry-level (0-3 years): R35 000, Mid-level (3-8 years): R65 000, Senior (8-15 years): R100 000, Top-level (15+ years): R160 000.
What qualifications do I need to become a actuary in South Africa?
To become a actuary in South Africa, you typically need: BSc Actuarial Science or Mathematics; Fellowship of the Actuarial Society of SA (FASSA); Ongoing professional examinations (6-10 years); Advanced Excel and programming skills. Requirements may vary between private employers.
Salary data is compiled from public sector pay scales, industry surveys, and job listing aggregates. Figures are estimates for 2026 and may vary by location, company, and individual qualifications.
Click here to join our telegram channel and stay up to date with load shedding and related news!