Use your tax-free allowance for personal wealth creation

You are allowed to invest R33 000 per tax year tax free in all approved ETFs to get both local and offshore exposure. Brokerage is set at 0.2% with no minimum and there is also no monthly fee on this account.

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Tax-free account

Pay no tax on capital gains or dividends for all approved ETFs.

Confidence

Make the smart choice; invest in all approved ETFs through Absa Stockbrokers and Portfolio Managers, a member of the JSE™ since 1959.

Convenience

Access everything online with detailed product information on all ETFs.

How to get it and what to expect

Apply for a Tax-free ETF Savings Account

Any South African individual may apply online and there is no age limit; even minors may apply.

Register

Features of the Absa Tax-free ETF Savings Account
  • Reduced brokerage of 0.2% with no minimum and no monthly fee
  • Education and all product information for every ETF
  • No securities transfer tax (STT) on purchases
  • No capital gains tax (CGT) when you sell these products
  • No dividend withholding tax (DWT) on dividends earned
  • No tax on interest earned
  • Ability to get exposure to local and offshore markets
  • R33 000 annual (from 1 March to 28/29 February) contribution limit and a R500 000 lifetime contribution limit

Profits/Dividends made in the TFSA account do not contribute to your existing tax annual limits (interest and capital gains), and may be re-invested in the TFSA account without utilising the contribution limit, provided they are not withdrawn.

Need more help?

Let one of our consultants help you get the best account for your needs.

Call us on:

0860 05 04 03

Visit your nearest branch