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.

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