What is a Tax Free Savings account?
Tax-Free Savings Accounts are savings products on which no income tax, capital gains tax or dividend withholdings tax will be charged.Read more
Investors are allowed to invest R33 000 per year into a Tax-Free Savings Accounts (TSA) subject to a maximum lifetime limit of R500 000. Sars will charge a 40% tax on contributions above these thresholds - so please don’t add more than the maximum of R33 000 per year. If you withdraw money from the TSA, you will lose the value of that withdrawal from your lifetime limit; that means you should only use the TSA for long-term investments i.e. 20 years and longer. You are not forced to keep your money in a TSA and you can withdraw at any time with no penalties or tax.
See our Other Services page for more information on how to invest in a Tax Free Savings account with us.
Backdrop Despite solid economic and earnings growth globally, the past quarter has been characterised by massive volatility and weak equity markets worldwide. From the January market peak, the world market index collapsed by 9%, then rebounded by over 5%, before declining again by a further 6%. [CHART 1] While this volatility may be commonplace among … Continued
2017 has been a significant year for global equity markets Riding the wave of low interest rates, abundant liquidity and solid global growth, the MSCI global index advanced by almost 25% to new highs. [CHART 1] Remarkably, this has been achieved with an almost unprecedented lack of volatility. At year end, the US equity market … Continued
World equity markets are on a tear, driven by synchronised global economic growth – on track to expand by 3.6% this year, the fastest rate in six years. The world index hit a new high in September and the US market experienced its first 8-quarter winning streak in 20 years. And in spite of a … Continued
Global economic growth remains positive, advancing steadily in a more balanced and sustainable manner. Corporate profits have responded with some vigour and are recording double-digit gains, well ahead of the slow to negative momentum of the 2014 to 2016 period. Worldwide equities have embraced the more buoyant underlying conditions and have advanced strongly, pushing valuation levels … Continued