Tag: Tax Free Savings Account (TFSA)
The free stokvel
Stokvels have become the ultimate means for saving among many working adults in South Africa. Stokvels are found in many places: your work office, among church ladies, and even men are starting to use stokvels as a means to save. Although reasons for saving differ, the method remains the same.
Comparing tax-free savings accounts with unit trusts
The close of the tax year is drawing near, meaning those wanting to make use of the tax-free savings account allowance have their last opportunity on February 28 to put money away in the current tax year.
Invest in your child’s future with a TFSA this Xmas
As a parent you may be looking for special ways to treat yourself and your loved ones this festive season, but rather than spending your hard-earned money on soon-to-be forgotten toys or designer clothing, now is the perfect time to invest towards your child’s future with a Tax-Free Savings Account (TFSA).
Tax impact on your retirement savings
Despite the tax benefits on retirement contributions and the tax free growth, the fact that pension income benefits are ultimately taxed has led people to question whether saving in a retirement fund really is better than making your own retirement savings arrangements with after-tax earnings.
Using TFSA’s and RA’s to achieve better savings rates
With the range of investment options available today, the choice of products investment products is overwhelming. Perhaps this is one reason that when it comes to household savings, South Africa does not fare well compared to global standards.
