FAQ: INVESTMENTS
Can I transfer my tax-free savings account to another provider?
Yes. You can transfer an existing South African tax-free savings account (TFSA) to another qualifying provider without using more of your annual or lifetime contribution allowance, provided the transfer takes place directly between the providers through the prescribed process. You…
What should I invest in within a tax-free savings account?
A tax-free savings account (TFSA) provides valuable tax advantages, but your choice of investments determines the risks you take and the returns you may earn. No single investment is appropriate for everyone. Start with the purpose of the money, when…
What is a tax-free savings account (TFSA), and how does it work?
A tax-free savings account (TFSA) is a South African investment arrangement that allows qualifying investment returns to accumulate free of South African income tax, dividends tax and capital gains tax. Despite its name, a TFSA need not be a cash…