We're in the business of saving you money, which is why we want to bring to your attention the implications of over-contributing towards your Tax-Free Savings Account. You're allowed to invest R36 000 per tax year and R500 000 per lifetime, so any contribution made over and above the R36 000 will attract a 40% penalty payable to SARS.
See the interest rates
for our Tax Free Savings Account
Balance Tiers | Rate |
R0.01 - R14999,99 | 0.50% |
R 15 000.00 - R29 999.99 | 2.50% |
R 30 000.00 - R49 999.99 | 3.00% |
R50 000.00 - R74 999.99 | 3.05% |
R 75 000.00 - R99 999.99 | 3.10% |
R 100 000.00 - R249 999.99 | 3.10% |
R 250 000.00 R 499 999.99 | 4.00% |
R 500 000.00 - R 9 999 999 999 999.99 | 4.00% |
Need more help?
Let one of our consultants help you get the best account for your needs.
Call us on:
0860 111 515
Email us at:
saving@absa.co.za