A Tax Free Savings Account (TFSA) is exactly what it sounds like. A way to save without getting taxed on the moolah you make from TFSA investments; including interest, dividends and capital gains. Thank you National Treasury! Use your TFSA to invest in Exchange Traded Funds (ETFs), Baskets or Bundles with up to R33 000 a year, and a total of R500 000 over a lifetime. Here’s how:
Fund your account using your TFSA account number as a reference.
Choose from a list of ETFs or selected Bundles or Baskets.
Click on your chosen ETF, Bundle or Basket; enter your investment amount and click “Buy”!
Crème de la crème investing for cheap ala cheap.
Don't know what ETFs to invest in, our TFSA baskets and bundles allow you to access a combination of ETFs chosen by a top investment guy, personality, strategy or theme that matches your personal risk level or investment goals. Choose a managed solution, (Bundles) or a once off collection (Baskets) according to your investing flavour: aggressive, balanced, moderate or conservative.
“I’m trying to diversify my investments so I thought I’d give baskets a shot. I wanted to start using a Tax Free Savings Account but thought it would be much cooler to be able to keep my eye on it. The baskets are really innovative.”
Like everything we do, we’re making investing in your TFSA a total cinch, super cheap and lots of fun. We’ve kept our TFSA fees exactly the same as the standard EasyEquities account. Here’s how we measure up to other platforms (in case you were wondering):
|Competitor 1||Competitor 2||Competitor 3|
|Monthly Account Cost||FREE||R40||R450||R60|
|Minimum Brokerage||No Minimums||R98||R45||R60|
|Brokerage Commision ex VAT||0.25%||0.9%||0.5%||0.5%|