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They won’t appreciate it now, but they will thank you later.
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.
Terms and conditions
By clicking on ‘Accept’, you confirm that you understand and agree with the following statements:
Advice and investment choices:
- By law, Investec Investment Management Services (IMS) is not authorised to provide advice.
- I have chosen to invest directly with IMS instead of using the services of an independent financial advisor.
- I chose the investment solution and fund(s) I am about to invest in entirely at my own discretion.
- IMS does not provide any guarantees on my investment and therefore cannot be held liable for any losses on the performance of my investment.
- IMS will charge me an annual fee of 0.456% for administering my investment.
- The price at which units are valued by IMS will be tomorrow’s price.
- By investing in the Investec Diversified Income Fund via the IMS platform, I acknowledge that I will pay an additional 0.05%.
Use of my personal information:
- I give IMS permission to use the personal information I provide to process my application as necessary.
- My personal information will not be passed on to any 3rd party, except where necessary to complete the application process.
- My personal information will be kept secure and confidential and any data I enter is done over an encrypted and secure channel.
- My personal information will never be used for marketing or advertising purposes.
My responsibilities:
- I am responsible for providing the supporting documents that are necessary to complete the application.
- I have read and understood the information provided about the solution and fund(s) I have selected.
The benefits of investing in a TFSA
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
How does it work?
| 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. |
Important information on TFSA’s
| 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.
Terms and conditions
By clicking on ‘Accept’, you confirm that you understand and agree with the following statements:
Advice and investment choices:
- By law, Investec Investment Management Services (IMS) is not authorised to provide advice.
- I have chosen to invest directly with IMS instead of using the services of an independent financial advisor.
- I chose the investment solution and fund(s) I am about to invest in entirely at my own discretion.
- IMS does not provide any guarantees on my investment and therefore cannot be held liable for any losses on the performance of my investment.
- IMS will charge me an annual fee of 0.456% for administering my investment.
- The price at which units are valued by IMS will be tomorrow’s price.
- By investing in the Investec Diversified Income Fund via the IMS platform, I acknowledge that I will pay an additional 0.05%.
Use of my personal information:
- I give IMS permission to use the personal information I provide to process my application as necessary.
- My personal information will not be passed on to any 3rd party, except where necessary to complete the application process.
- My personal information will be kept secure and confidential and any data I enter is done over an encrypted and secure channel.
- My personal information will never be used for marketing or advertising purposes.
My responsibilities:
- I am responsible for providing the supporting documents that are necessary to complete the application.
- I have read and understood the information provided about the solution and fund(s) I have selected.
Important Information
Investec Asset Management and Investec Investment Management Services are authorised financial services providers.