Ask most South Africans why they haven’t started investing yet, and you’ll probably hear the same answers: “I’m too young to worry about that, I’ve got time later.” “It’s too late for me now.” “I don’t have enough to invest to make it worthwhile.” These are all understandable feelings – but they’re not facts. The […]
The Tax Free Savings Account is designed to encourage a savings culture, without having to pay tax on the earned interest
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
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