If you've been putting off opening a tax-free savings account, here's a trick to help you get going. Last week I completed the herculean task of opening tax-free savings accounts for my kids and myself. I have had the forms ready to fill out since...
Using your child’s tax-free savings account is not necessarily the best vehicle for their education fund. Since the launch of the tax-free savings accounts (TFSAs) there have been suggestions that this would be an ideal way to save for your child’s...
According to the National Development Plan (NDP), the South African economy needs to grow by 5.4% or more to create enough jobs to redress inequality and resolve the country's stubbornly high unemployment rate. In order to reach and sustain this...
The phased reform of South Africa's retirement sector may have a far-reaching impact on retirees – especially those who have not recently assessed their strategy. While many of the mooted retirement reforms will only be implemented next year, one...
South Africans are now able to invest up to R30 000 a year in tax-free savings accounts (TFSAs). The aim of these savings accounts is to encourage South Africans to save for medium-term goals and emergency funding, reducing our reliance on debt and...
Companies have been racing to capitalise on the tax-free savings accounts. We sum up what products have come to market so far. Financial product providers have by and large brought out two types of tax-free savings accounts (TFSAs): a basic bank...
Tax-free savings accounts (TFSAs) get the go-ahead. From 1 March 2015 South Africans will be allowed to invest up to R30Â 000 a year in tax-free savings accounts (TFSA). (*Update: this amount was increased to R33Â 000 per year on 1 March 2017 and to...
South Africa’s declining household savings rate has been of national concern for some time now – in fact this burning issue has found its way into the annual budget speech year after year. But while initiatives have been implemented to try...
