Video: How to use your Tax Free Savings Account

Photo on 2019-02-21 at 1.12 PM

A lot of people don't really know what a Tax Free Savings Account (TFSA) is, and to be honest it's still considered the newbie in town even though it's been around since 2015.

When you invest using your TFSA, you pay zero tax on the capital gains you make, the dividends you receive and the interest you earn, which means much greater opportunity for growth and returns. You can invest up to R33 000 every year in your TFSA and the deadline to reach this amount this year is around the corner:1 March 2019.

Need a little more detail? Here's a video that'll give you all the basics of using your Tax Free Savings Account, and investing in Exchange Traded Funds (ETFs). 

You've still got time to give your TFSA all the love you've got. To make sure you get your funds in on time, we'd suggest you do any deposits from your bank to your EasyEquities accounts before close of business on 26 Feb 2019.