C2M Financial Services | News

A new way to save with tax-free investments

To cultivate a culture of personal saving, the South African Government recently introduced tax-free savings accounts. These are savings products on which no income tax, capital gains tax or dividend withholding tax will be charged.
Contributions made to tax-free savings accounts are limited to:

  • R 30 000 per year, and
  • R 500 000 during your lifetime.

KEY FEATURES OF A TAX-FREE PLAN

  • All growth on your plan is tax-free.
  • Transparent fees and charges.
  • You choose how you want to invest: lump sums (R5000 – R30 000 p.a.), regular investments (R350 – R2500 p.m.) or both.
  • You have full access to your investment from day one, with no penalties.
  • You can increase, decrease or stop your regular investments at any time.
  • Choose from a range of selected underlying funds to meet your unique investment needs.
  • The option to switch your underlying investment funds as many times as you like, at no cost.
  • There is no term attached to your plan, so you can choose how long and how often you want to invest.

For more information, contact our CFP® ronnie@c2mfs.co.za to compare products for the most suitable option, or call him on 021 914 7480 for an appointment.

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