R46,000 a year, tax-free for life: are you using your full TFSA allowance?
From 1 March 2026 you can put R46,000 a year into a tax-free savings account (TFSA), up from R36,000. Everything it earns, whether interest, dividends or capital gains, is tax-free for life. Used properly, it is one of the most effective long-term savings tools available. The rules to know You may contribute up to R46,000 […]
Navigating Retirement Planning: RA’s vs. TFSAs
Personal finance is a journey of strategic decisions, particularly when planning for a comfortable retirement. Balancing contributions between Retirement Annuities (RAs) and Tax-Free Savings Accounts (TFSAs) offers a pathway to achieving this common goal among South Africans. Here’s what you need to know: Tax Efficiency: Both RAs and TFSAs boast significant tax advantages, though their […]