Rather than spoil your little angels on short-term plastic gifts and toys now, why not look to their future and put that money into a Tax Free Savings Account (TFSA) with Investec Investment Management Services? By starting their investments earlier, where it could compound over time, you could one day afford them a gift far, far more valuable. Like a real car. A graduation robe. Even a deposit on a home.
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Advice and investment choices:
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Tax free savings
Both the growth and income you receive on your investment are tax free – no capital gains tax (CGT) and no income tax are levied on the dividends and interest received.
Lifetime allowance
You can invest from R500 per month up to R500,000 over your lifetime for yourself or on behalf of minors.
Power of compounding
A convenient and flexible way to accumulate savings over time – as you won't incur tax, more of your money is available to benefit from the power of compounding
1 | We offer a range of underlying funds from Investec Fund managers and other providers. Select one or more funds suited to your risk profile and time horizon and make a once-off and / or monthly investment into your TFSA account. |
2 | Based on your selection, the fund managers invest your money according to the funds’ objectives in a portfolio of assets such as equities, bonds, cash and listed property. |
3 | The returns on your investment are determined by the performance of these assets. If you choose to invest via a TFSA, any returns are tax free and you can withdraw at any time. |
Minimum investment amount | R10,000 lump sum or R500 per month |
Maximum investment amount | R2750 per month R33,000 per tax year R500,000 over your lifetime |
If you exceed the maximum investment amounts, you will be subject to 40% tax. If you withdraw money from an existing TFSA and re-pay it into any of these accounts, it will be seen as a new contribution and use up a portion of your tax free limits.
By clicking on ‘Accept’, you confirm that you understand and agree with the following statements:
Advice and investment choices:
Use of my personal information:
My responsibilities:
Important Information
Investec Asset Management and Investec Investment Management Services are authorised financial services providers.