There are a number of investment options available — including unit trusts and exchange traded funds (ETFs). No matter what the investment type you choose, or the return you receive, you will benefit from the tax-free allowance.
- You can have more than one tax-free account at any time — as long as you don’t exceed the annual allowance of R33 000
- Tax-free investments can grow faster than a regular investment, as you are not paying tax on your investment return
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