Tax Free Savings
Maximising Your Tax-Free Savings Account: A Step-by-Step Guide
Tax-Free Savings Accounts (TFSAs) offer a unique opportunity for South African investors to grow their savings without the burden of taxes on interest, dividends, or capital gains. This makes TFSAs a powerful tool for achieving long-term financial goals, including retirement savings. In this article, we’ll explore how to maximise the benefits of a TFSA, illustrate a practical investment strategy, and answer common questions about this financial product.
The 2-Pot System
When the much-touted Two-Pot System came into effect in South Africa, it changed the landscape of pension assets and legislated changes that had an impact on all South Africans. So what exactly is this new system, how does it work and what are some of the key changes? Let’s take a deep dive into the Two-Pot System and try to answer as many questions as we can.
