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Tax-Free Investments in South Africa, References Government and…
Tax-Free Investments in South Africa
Tax-Free Investment Options
Tax-Free Savings Accounts (TFSAs)
Contribution limits and rules
Eligible investments (e.g., stocks, bonds, mutual funds)
Withdrawal rules and penalties
Retirement Annuity Funds (RAFs)
Tax benefits and deductions
Contribution limits
Retirement age and withdrawal options
Endowment Policies
Tax treatment
Investment terms and conditions
Surrender values and taxation
Unit Trusts
Tax-free investment options
Fund management fees
Performance and risk factors
Exclusions from Tax-Free Investments
Non-qualifying Investments
Specified Services
Limitations of Tax-Free Investments
Contribution Limits
Withdrawal Restrictions
Investment Options
Penalties for Tax-Free Investments
Early Withdrawal Penalties
Non-Compliance Penalties
Excess Contributions Penalties
Exemptions in Tax-Free Investments
Interest Income
Dividends
Capital Gains Tax (CGT)
Ownership of Tax-Free Investments
Individuals
Legal Entities
Guardianship for Minors
Benefits of Tax-Free Investments:
Tax Efficiency
Long-Term Growth
Diversification.
Financial Security
Flexibility
Tax-free investments are financial tools that do not charge taxes on income or capital gains, promoting saving and investing. Tax exemptions vary by nation.
References
Government and Regulatory Bodies:
South African Revenue Service (SARS). Tax-Free Savings Accounts (TFSAs). Available at: [
https://www.sars.gov.za/types-of-tax/personal-income-tax/tax-free-investments/
]
Moneyweb. Tax-Free Investments in South Africa. Available at: [
https://www.moneyweb.co.za/financial-advisor-views/maximise-your-tax-free-investments-in-the-2024-2025-tax-year/
]
Personal Finance. Personal Finance and Tax Planning in South Africa. Available at: [
https://www.sars.gov.za/types-of-tax/personal-income-tax/
]
Haupt, P. (2024). Notes on South African Income Tax 2024.