Tax-Free Savings Accounts (TFSAs): How to select the most appropriate investment portfolio
Stanlib Collective Investments
Q2 of 2023 | 1 year ago
In 2015 National Treasury decided to incentivise South Africans to save more to address the underlying socio-economic problems that arise from our ¹poor savings culture. It introduced tax-free savings and investment vehicles. The TFSA is an ideal discretionary investment option to supplement your existing retirement and /or discretionary savings. A TSFA is completely tax-free. It reduces your taxable income while you invest. When you withdraw, you receive the full investment back, without incurring any tax on the growth.
In 2019, Stanlib spinned off index tracking funds to a boutique asset manager 1VEST.
Asset manager, Personal Trust was founded in 1980 by duo of John le Roux and Andy Calmeyer.
Asset manager Coronation saw a need for a shariah-complient leaning asset managemnt and in 2002, founded a standalone manager Kagiso AM (now Camissa AM).
Asset manager Coronation was the first introducer of absolute unit trusts funds in our local industry in 1999.
Tax-Free Savings Accounts (TFSAs): How to select the most appropriate investment portfolio
Stanlib Collective Investments
Q2 of 2023 | 1 year ago
In 2015 National Treasury decided to incentivise South Africans to save more to address the underlying socio-economic problems that arise from our ¹poor savings culture. It introduced tax-free savings and investment vehicles. The TFSA is an ideal discretionary investment option to supplement your existing retirement and /or discretionary savings. A TSFA is completely tax-free. It reduces your taxable income while you invest. When you withdraw, you receive the full investment back, without incurring any tax on the growth.