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Tax-free savings: Three things you should know

21 April 2015   (0 Comments)
Posted by: Author: Ingé Lamprecht
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Author: Ingé Lamprecht (Moneyweb)

Following the introduction of tax-free savings accounts on March 1, product providers have started their marketing efforts and a wide variety of options are now available.

Tax-free savings accounts offer South Africans the opportunity to invest up to R30 000 per annum (R500 000 over a lifetime) and investors won’t pay any tax on the returns (capital gains, dividends and interest) in these accounts.

But as investors start to ponder the pros and cons of using tax-free savings accounts in their personal investment portfolios, a number of important questions have been raised.

Please click here to view full article.

This article first appeared on moneyweb.co.za.


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