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…
The Tax Free Savings Account is designed to encourage a savings culture, without having to pay tax on the earned interest
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
Investing in a retirement annuity delivers some tax relief on your contributions
A TFSA is best seen as a long-term investment
A reminder to consider the tax efficiency of certain savings vehicles
Tax-free savings accounts strike a chord with many South Africans
It would benefit most South Africans to service their debts first
All stand to benefit from TFSAs, but they really work best for novice investors
The TFSA was designed to encourage a savings culture
