The best savings strategy money can buy

The best savings strategy money can buy

By Stuart Theobald. 18 May 2015 How should you fit tax-free savings accounts into the rest of your savings strategy? There are three savings “buckets” to think about. To make the most of the tax and other incentives available, you

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6 reasons why a tax-free savings account is a no brainer

6 reasons why a tax-free savings account is a no brainer

OPINION By Stuart Theobald You are in one of two situations: you have savings or you don’t. Either way, a tax-free savings account will make you better off right now. If you are saving, a tax-free savings account is a much,

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Tax savings add significant value over long term

Tax savings add significant value over long term

Staff reporter, 4 May The tax-saving element in an investment portfolio run through a tax-free savings account (TFSA) could add about a quarter of the value of the investment over the long term, says Mark Humphreys, who heads up Standard

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TFSAs are attracting first-time investors, says Standard Bank

TFSAs are attracting first-time investors, says Standard Bank

Staff reporter 29 April Early signs are that National Treasury is succeeding in its goal of getting people to save for the first time through tax-free savings accounts (TFSAs). A significant proportion of new sign-ups by Standard Bank Online Share

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Strate discount helps ensure cheaper TFSAs

Strate discount helps ensure cheaper TFSAs

Staff Reporter 24 April 2015 Strate, SA’s central securities depository, is doing its bit to keep down costs on tax-free savings accounts (TFSAs), cutting its contract note fee by 67% to R3.85. This will ultimately benefit investors: stockbrokers collect the

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Advisers lack incentive to promote tax-free accounts

Advisers lack incentive to promote tax-free accounts

 Colin Anthony The issue of whether financial advisers put clients’ interests first is being highlighted by tax-free savings accounts (TFSAs), which earn little in the way of commissions for financial intermediaries. While take up has been strong among some fund

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Sanlam pioneers social saving using TFSAs

Sanlam pioneers social saving using TFSAs

Staff writer, 19 March 2015 Sanlam has introduced a novel concept whereby anyone can form a social savings group and benefit from reduced fees on their individual tax-free savings account (TFSA). In a group, people will face lower charges for

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UK introduces tax-free account for first-time home buyers

UK introduces tax-free account for first-time home buyers

Staff writer, 19 March 2015 National Treasury used the UK’s individual savings account (Isa) regime as a model to design tax-free savings accounts. So its worth noting developments over there, such as the announcement of a special form of tax

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Stockbrokers roll out tax-free offerings

Stockbrokers roll out tax-free offerings

Staff writer. 13 March 2015 Stockbrokers lobbied hard to be included as eligible institutions able to offer tax-free savings accounts (TFSA) when National Treasury was developing the idea. So far, a few have geared up to offer clients the accounts.

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JSE plans TFSA marketing campaign

JSE plans TFSA marketing campaign

Staff writer. 13 March 2015 The JSE is preparing to launch a major marketing campaign, including roadshows, to create awareness of the tax-free savings accounts that stockbrokers are offering, says marketing and retail development head Mpho Ledwaba. The exchange sees

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First to market with tax-free savings accounts

First to market with tax-free savings accounts

Update: Soon after this post Standard Bank let us know that it will be ready with its own tax-free savings product come Monday. We will update once we have details. Colin Anthony. 27 February 2015. Investec and Old Mutual subsidiary

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Welcome to Savetaxfree.co.za!

Welcome to Savetaxfree.co.za!

Staff report, 19 February 2015: Today savetaxfree.co.za has been launched in beta version by the Intellidex team. Various enhancements are being worked on and will be introduced in the coming weeks as we ramp up towards the final version of

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Treasury shows willingness to widen ambit of tax-free accounts further down the line

Treasury shows willingness to widen ambit of tax-free accounts further down the line

By Colin Anthony Products that charge performance fees remain barred from the new tax-free savings accounts that kick in on March 1, according to the final regulations publishes on February 20. However, National Treasury has indicated a willingness to to

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National Treasury’s Final Tax-Free Savings Regulations

National Treasury’s Final Tax-Free Savings Regulations

National Treasury has published the final regulations governing tax free savings accounts. This is Treasury’s media statement, published in full:   Issued by: National Treasury Date: 20 February 2015 Publication of the final Notice and Regulations for Tax Free Savings

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What sort of returns can I expect?

What sort of returns can I expect?

As with any investment, the kind of investments you make largely determines the level of returns you can expect. The general rule of thumb is that low-risk investments bring lower returns and high-risk investments can bring great returns but can

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