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This site is for retail investors. We recommend that you seek independent financial advice to ensure our Funds are suitable for your investment needs. Please remember capital is at risk and past performance is not a guide to the future.

By entering you agree to our Terms & Conditions

Tax Free Savings Account

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.

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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.

Important Information

Investec Asset Management and Investec Investment Management Services are authorised financial services providers.