The Tax-Free savings account was created by the government to help encourage South Africans to save - because any growth or income from the money you invest in a Tax-Free savings account is free of tax.
But it’s important to remember that you can only contribute up to R33 000 per year, and a maximum of R500 000 over your lifetime, across all your Tax-Free accounts with different providers.
This intelligent method of saving lets you invest your money into our uniquely-engineered unit trust funds to help you reach your goals. Although you will pay tax on any gains you make, you can make unlimited contributions – unlike our Tax-Free plan.
We have meticulously studied the behaviour of investment markets over the last 115 years, and worked closely with CoreShares and S&P Dow Jones Indices to design intelligent funds that learn from the past and think ahead. Most of these funds have been built to function exclusively with our digital advice system, so you can be confident that you’re invested in the right fund for your goal.