Off The Beaten Track

unit trusts

Here’s why you should get a tax-free savings account

August 29, 2016 // 0 Comments

Last year the government introduced tax-free savings accounts to boost South Africa’s savings rate. TFSAs are ideal because account holders are exempt from paying capital gains tax , tax on interest and tax on dividends. TFSAs are useful as long-term investments and parents can open them for their children. If you want a TFSA for each of your children you can save up to R30,000 a year per child. A family of five can save up to R150,000 a year. When it comes to the type of investment [...]

ETFs, Tax-free savings accounts or endowment policies – saving options for your child’s education

February 22, 2016 // 0 Comments

This article first appeared in City Press, November 8th 2015 edition. The student protests over the past few days have highlighted the high cost of tertiary education. For many, the cost of registration alone is enough to shut the door of opportunity. The South African Institution of Race relations reported that only 5% of South African families could afford to send their children to university. While the government may or may not decide to make higher education free, parents of young [...]