Grow your wealth with our tax-free investment plan
Whether you're new to investing or you're building onto your existing portfolio, the tax you pay on investments can have a major impact on how much money you make.
Our fees can be as low as 0.2% per year (including VAT and transaction costs). There are no signup, switching, performance, transfer, or cancellation charges - ever.
By law, there are certain limits to how much you can invest in a tax-free investment account that's been set up in your name. You can invest up to R36 000 per tax year, with a lifetime limit of R500 000. These limits apply to your combined tax free investment policies.
If you invest more than the allowed amount in a tax year, you'll be taxed at 40% for all amounts above R36 000. That's why we’ve put measures in place to make sure that your combined OUTvest tax-free contributions do not exceed the yearly limit.
That being said, we can only keep track of contributions into OUTvest accounts, and we advise you to keep track of all the contributions you make into tax-free accounts with other service providers to ensure that you stay within the R36 000 yearly limit.
Yes, you may want to set up different tax-free investments to help you with different goals in life. For example, you can set up separate education funds for each of your children that you may want to withdraw from at different life stages.
Remember, that a total contribution limit of R36 000 per year and a maximum lifetime contribution of R500 000 applies to the combined contribution amount on tax-free investments that are in your name.
Yes, you can make withdrawals as often as you want. This being said, a tax-free investment plan is intended for long-term investments with a significant tax benefit.
Also, if you withdraw a certain amount from your investment with the idea of putting it back later, this ‘replacement’ will be added onto the amounts considered for your yearly and lifetime limit.
Once you’ve reached your lifetime limit (R500 000 in contributions) you don't have to withdraw your investment and can leave the money in the investment account to grow even further.
Yes. As of 1 March 2018, you can transfer your existing tax-free investment to another service provider, without having to worry about your contribution limit.
However, please contact us so that we can advise you on the best process to follow and also so that we can advise you on any possible financial implications.
Some tax-free investment accounts only invest in cash, whereas the OUTvest tax-free investment plan lets you invest in funds with exposure to listed property, stocks, cash, and bonds in order to increase your exposure and manage your risk.
Also, our fee structure differs from that of traditional investments in that we only charge one, fixed fee that you see on your statement in Rands and cents. This is our way of keeping our investment fees as low and transparent as possible.
Download the OUTvest app, and our Robo-Advisor will ask you a couple of questions to get to know a bit about your investment goals and financial circumstances.
The system will then recommend an investment fund that best caters to your specific needs.
You're not under any obligation to invest at that point, but it'll give you a better idea of what investment OUTcomes you could achieve with our tax-free investment plan.