A Tax Free Savings Account (TFSA) is exactly what it sounds like. A way to save without dishing a chunk of your earnings out to SARS. Thank you National Treasury! Now you won’t get taxed on the moolah you make from TFSA investments; including interest, dividends and capital gains.

Buy A TFSA Basket

We’ve got four baskets waiting to be picked as part of your tax free strategy – they’re jam packed with some awesome ETF’s and themed according to your investing flavour: aggressive, balanced, moderate or conservative. The baskets are constructed by the Emperor Asset Management Chief Investment Officer and all round smart guy (drumroll!) Tom de Lange. Why we love them? It’s crème de la crème investing for cheap ala cheap.

Details on the EasyEquities Baskets

BASKET NAME DESCRIPTION
Emperor Asset Management ETF Baskets
Aconcagua Growth ETF Basket

Aconcagua Growth ETF BasketBUY NOW
Basket fee: 0.5%

Growth risk score range: 50 - 90

A risk score in this range represents investors that are comfortable suffering a loss of up to -15% in pursuit of positive returns of up to +23% over a six-month period. This investor is often referred to as a balanced investor.

Available on: EasyEquities and TFSA accounts

Calculate your risk number here

Denali Growth and Income ETF Basket

Denali Growth and Income ETF BasketBUY NOW
Basket fee: 0.5%

Growth and income: 35 – 70

A risk score in this range represents investors that are comfortable suffering a loss of up to -10% in pursuit of positive returns of up to +16% over a six-month period. This investor is often referred to as a moderate investor.

Available on: EasyEquities and TFSA accounts

Calculate your risk number here

Everest Aggressive ETF Basket

Everest Aggressive ETF BasketBUY NOW
Basket fee: 0.5%

Aggressive risk score range: 75 -99

A risk score in this range represents investors that are comfortable suffering a loss of up to -25% in pursuit of positive returns of up to +36% over a six-month period. This investor is often referred to as an aggressive investor.

Available on: EasyEquities and TFSA accounts

Calculate your risk number here

Kilimanjaro Conservative ETF Basket

Kilimanjaro Conservative ETF BasketBUY NOW
Basket fee: 0.5%

Conservative risk score range: 1 – 45

A risk score in this range represents investors that are comfortable suffering a loss of up to -5% in pursuit of positive returns of up to +9% over a six-month period. This investor is often referred to as a conservative investor.

Available on: EasyEquities and TFSA accounts

Calculate your risk number here

There are so many features to tell you about that we almost don’t know where to start. But before we talk about exactly what EasyEquities has in store for you, we’ll run through the basics as determined by National Treasury legislation. Here they are:

  • You’re allowed to invest up to R 30 000 per year, and you get a R 500 000 lifetime limit.
  • You can deposit and access your funds whenever it suits you.
  • You’re allowed to invest in certain Exchange Traded Funds (ETFs) that are classified as Collective Investment Schemes. There are currently 37 approved ETFs and more are being added to the list monthly.
  • Any profits you make don’t contribute to your annual or lifetime limits. This means that you can reinvest the interest, capital gains and dividends, growing your investment even more!
...

If you exceed the annual and lifetime limits, there are penalties (SARS will charge you a 40% tax on all contributions that exceed these amounts). However, with EasyEquities you don’t have to worry about this – we’ll prevent you from being charged penalties by keeping track of all the contributions made into your EasyEquities tax-free savings account.

...

Any amount that you withdraw from your account will count towards your annual and lifetime limit. If you have deposited R 30 000 and withdraw R 15 000 in the same year, you cannot deposit any more funds as you have already used your R 30 000 deposit allocation. It’s all about a deposit limit, so withdraw funds wisely!

Need more details?

As you know by now, we’re always focused on making investing affordable and straightforward for you. We’ve designed our TFSA with these principles in mind!

Our
tax-free
plan for
you.

How low can you go?

We’ve kept our TFSA fees exactly the same as the standard EasyEquities account. Take a look at just how little it will cost you by clicking here

To make the process super straightforward, EasyEquities has automatically issued you with a tax-free savings account (TFSA). No application forms, no verification process... It’s easy!

All you need to do is select the TFSA from your drop-down menu . You’ll soon be able to choose between two options: DIY investing or a fully-managed strategy. At the moment only the DIY TFSA account is visible in the drop-down menu, but this will change as soon as the fully-managed TFSA is up and running. When it is, we’ll let you know!

Take note, you can only invest in one TFSA offering, so choose wisely!

DIY investing:

Deposit money into your TFSA.

Your TFSA will have its own account number, so make sure you include this as a reference for all deposits you make. If you’d like to transfer cash from your normal EasyEquities account into your TFSA, you’ll need to withdraw the cash and deposit it into your bank account first. Then you can transfer it to your TFSA.

Take note of when your funds are being reflected.

Once your available funds are being shown in your TFSA, then you’re ready to invest! Remember that you’ll be able to choose from a list of pre-selected ETFs as determined by the government. To make investing as easy as possible for you, the EasyEquities website will only display these chosen shares.

Click to invest.

Simply click on your chosen product (EFT), enter your investment amount, and confirm your decision.