Call accounts vs exchange-traded funds

In my recent excitement over investing in a tax-free savings account (TFSA), it dawned on me … what about the money that’s left after salary deductions, monthly expenses and miscellaneous spending? If you’re in that fortunate position, surely the money shouldn’t just sit in a current or cheque account that offers minimal interest? Where should that money go?

Dear black tax … will I ever save?

Picture this … you’ve just graduated from university, you’re the first in your family to do so and you’ve landed your first job – time to splurge on all the lavishes life has to offer. Right? WRONG! Let’s unpack the harsh realities the majority of graduates face – particularly black graduates – before they can start “treating themselves” on their first salary.

Tax-Free Savings Accounts (TFSAs) HOT or NOT?

 By Leya Mall

Tax. You’re starting to pay it. You’ll learn to hate it. What do tax and death have in common? They belong in the same Whatsapp group.Before you actually die from it, perhaps it might be useful to learn how to minimise the tax you have to pay. There’s no better place to start than a tax-free savings account.

Retirement Annuities (RAs): a step by step process

If like me, you are, new to the tax saving game, this bi-monthly series called The Tax Saving South African will be helpful to navigate various tax-free saving options in a step-by-step process.I have recently completed my post-graduate studies in Media Management from Rhodes University and entered the sometimes daunting but always exciting world of work. Naturally, this process entails managing my personal finances – a crucial task but one for which, unfortunately, schools and tertiary institutions do not prepare you.