Have you heard of Tax Free Savings?
Why is it important?
South Africa has an exceptionally poor savings rate. Tax Free Savings was introduced with the aim to increase the rate at which people save money.
Points to note:
– You can choose from a wide range of different investment funds.
– Invest up to R33000 in the current tax year (R500 000 in your lifetime).
– You pay no tax on your investment growth or when you take your money out.
– You may withdraw money from your investment at any time, however, it is advisable to remain invested for at least three to five years.
If you’d like more information, send us a private message and we will get our team to contact you. 💰💵