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 R33 000 per tax year and R500 000 per lifetime, so any contribution made over and above the R33 000 will attract a 40% penalty payable to SARS. 

Tax Free Savings
  • Opening deposit of R1 000
  • Access your money immediately
  • Don’t pay tax on interest earned

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Tax Free Investment Account
  • Opening deposit of R5 000
  • Don’t pay tax on your returns
  • Invests in unit trusts, exchange traded funds and wrap portfolios
  • A choice of various funds to meet your risk appetite

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Tax Free ETF Savings Account
  • Reduced brokerage of 0,2% with no minimum and no monthly fee
  • No securities transfer tax on purchases
  • No capital gains tax when you sell these products
  • No dividend withholding tax on dividends earned
  • No tax on interest earned
  • All approved ETFs offer you exposure both locally and offshore

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