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Tax-free savings accounts with equity exposure

09 March 2015   (0 Comments)
Posted by: Author: Moneyweb
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Author: Moneyweb

What are my options if I want to invest in a tax-free savings account with equity exposure?

Some Moneyweb readers may have pondered this question – especially those who would like to use tax-free savings accounts as a long-term investment vehicle. The inclusion of growth assets (like equity and listed property) in these accounts could also be important to outperform inflation in the long run. 

From March 1 this year, individual investors can invest up to R30 000 a year in tax-free savings accounts. While the capital investment will be capped at R500 000 over your lifetime, all proceeds earned (interest, dividends and capital growth) will be 100% tax-free.

This article provides more information on the products available with some kind of equity exposure (unit trusts, index-trackers and ETFs). It does not include cash and bonds-only products, retail savings bonds or products offered by retail banks or long-term insurers. Although it is fairly comprehensive, it is not exhaustive and there will be product providers that aren’t listed here.

The article does not constitute advice or a recommendation and is meant as a reference point to start your own research. Consult your financial advisor about the options available that best suit your needs. Also keep in mind that the fees listed may not be all-inclusive or directly comparable between providers. Fees could differ depending on the medium used to access the products or the type of savings vehicle. 

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Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.


The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.

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