The Tax Free Savings Account is designed to encourage a savings culture, without having to pay tax on the earned interest
A TFSA is best seen as a long-term investment
Tax-free savings accounts strike a chord with many South Africans
A reminder to consider the tax efficiency of certain savings vehicles
Investing in a retirement annuity delivers some tax relief on your contributions
It would benefit most South Africans to service their debts first
The TFSA was designed to encourage a savings culture
On average, investing in a TFSA saves 1% a year in costs compared to other investments
From March 1 South Africans can seamlessly transfer money between tax-free accounts
All stand to benefit from TFSAs, but they really work best for novice investors