While a TFSA does offer huge benefits, as with any other investment vehicle, it is designed for a specific purpose and should not be viewed as a one-size-fits-all solution.
Category - Saving
We’ve lost the plot when it comes to borrowing and saving.
Research finds that many people still do not fully understand how the tax-free savings account works or what it is meant for.
When interest rates go up, we mostly highlight the effect it will have on our debt repayments, but we forget that higher rates are really good for savers.
There is no doubt that 2016 is going to be tough on households financially as price increases across the board push up our day-to-day living expenses.
Education costs continue to rise well above inflation, placing a heavy financial burden on parents.
An analysis of what the Budget Speech changes mean to low and high income earners.
For those who are looking to save for the medium term and don’t plan on touching the money for at least two years, the RSA Retail Savings Bond, offered by National Treasury, is an attractive option.
A reader wants to know the best place to invest his tax-free savings allowance.
Only 5% of South African families can afford to send their children to university, so parents of young children need to start thinking ahead to avoid being part of the 95%.