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Call for comment: draft notice and regulations on tax-free savings accounts

Monday, 17 November 2014   (0 Comments)
Posted by: Author: National Treasury
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Author: National Treasury

The National Treasury released a media statement in respect of the draft Notice and Regulations required to allow the introduction of tax free savings accounts from 1 March 2015. The draft Notice lists the service providers that may offer tax free savings and investments to the public and administer those accounts on their behalf. The draft Regulations detail the products that will qualify as ‘tax free investments’ to be included in the tax free savings accounts, the disclosure requirements in respect of those products and the process for transferring amounts within a tax free savings account to a  different service provider.

The SAIT will be making submissions to SARS on this matter. Kindly submit comments to  by no later than 1 December 2014.



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