The Financial Services Tribunal (FST) is proposing not to increase its levy for the 2026/27 financial year.
The Tribunal this month published for public comment its proposed budget and levies for the coming financial year, as required by the Financial Sector Regulation Act.
The Financial Sector and Deposit Insurance Levies Act, which commenced on 1 April 2023, provides for the imposition of levies on entities supervised by the Financial Sector Conduct Authority and/or the Prudential Authority to fund the Tribunal. Table C in Schedule 3 to the Act sets out the formula for calculating the Tribunal levy.
The levy is a percentage of the levy payable to the FSCA or the PA, or the sum of both levies if an entity is supervised by both Authorities. Minister of Finance Enoch Godongwana has proposed increasing the percentage by 5%, from 2.65% to 2.78%, in 2025/26. The Tribunal has not asked for the percentage to be increased in 2026/27.
Although the FST has not asked to increase the percentage for 2026/27, supervised entities can still expect to pay more to the Tribunal because the FSCA and the PA have proposed increasing their levies by 4% and 3.3%, respectively.
For the 2026/27 financial year, the FST is budgeting for gross income of R48.86 million (2025/26: R43.51m), operating expenditure of R38.178 (R41.367m), and capital expenditure of R10.682m (R2.144m), resulting in a breakeven position.
The operating expenditure budget of R38.178m comprises staff expenditure of R15.56m (2025/26: R15.543m) and general expenditure of R22.618m (R25.824m).
Comments on the proposed budget must be submitted on the template to tyrone.jeleni@fstribunal.co.za by 18 November 2025.
Click here to download the FST’s 2026/27 draft budget.
Other financial sector bodies have also published their proposed budgets, giving supervised entities an idea of the levies they are facing in 2026/27:
- FAIS Ombud – no increase.
- Ombud Council – unchanged at 2.5% of the levy amount paid to the FSCA.
- Pension Funds Adjudicator – 15% increase (or R1.59) in the amount payable by retirement funds per eligible fund member, to R12.46.
