The 2023 tax season is here!
Easily access your tax certificate via your Banking App or Absa Online.
Find out how to download your tax certificate on your App or Absa Online.
We offer tax-free products to suit your risk appetite, investment terms and goals. You may invest R36 000 per tax year and R500 000 in your lifetime.
Tax Free Fixed Deposit
- Minimum once off opening deposit of R30 000
- Maximum deposit is limited to a once off R36 000 except if you are transferring from one tax-free account from another institution to ours
- Investment is fixed for 12 months
- No tax is payable on the interest earned
- Interest is payable on maturity
Tax Free Savings
- Opening deposit of R1 000
- Tiered interest rates
- Don't pay tax on your returns
- Save up to R36 000 per year tax free
- 40% penalty on access balance
- Immediate access to your money
- Earn additional interest with the Absa Digital Bonus Rate
Tax Free Investment Account
- Opening deposit of
R5 000 - Don’t pay tax on your returns
- Invest in unit trusts, exchange traded funds and wrap portfolios
- A choice of various funds to meet your risk appetite
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
You can also get an overview of all our products here
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