Tax Free Investment
A Tax-Free Investment is a savings or investment product that allows individuals to earn returns without paying tax on the interest, dividends, or capital gains earned within the account.
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Who benefits?
Individuals looking for a long-term, tax-efficient way to save for goals like retirement or education.
- Annual Contribution Limit: You can invest up to R36,000 per tax year.
- Lifetime Contribution Limit: The total lifetime contribution limit is R500,000.
- No Tax on Returns: You won’t pay any tax on the interest, dividends, or capital gains earned in the investment.
- Types of Accounts: Tax-free investments can be in the form of savings accounts, unit trusts, exchange-traded funds (ETFs), or other approved investment products.
- Withdrawals: You can withdraw funds at any time, but once you withdraw, you cannot replace that amount. Withdrawals don’t affect the annual or lifetime limits.
- Penalties: Contributions exceeding the annual or lifetime limits will be taxed at 40% of the excess amount.
- Maximises your savings by avoiding taxes on returns.
- Encourages long-term savings and investment discipline.
Investment Options
Our team of investment consultants is dedicated to helping you make the most of your money and ensure your investments are well-managed and aligned with your goals.Â
Contact us or schedule a consultation today and start planning your financial future.
What makes us the #1 in Tax Free Investments?
Expert Cover
Our advisors are qualified in various types of insurance, such as health, life, auto, home, and business insurance, to help you make informed decisions.
Tailored Cover
We provide tailored financial advice to ensure you get the best cover, sourcing multiple quotes from different insurers to find the right protection for your needs and budget.
Time & Money Savings
By offering efficient services and cost-effective premiums, we save you time and money- to protect yourself against potential risks and losses.