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Tax Free Investment
A Tax-free savings account
What is Tax Free Investment ?
A Tax-Free Savings Account (TFSA) in various forms, like bank accounts, unit trusts, or exchange-traded funds, protects your initial investment and provides a tax-free way to meet financial goals, as it exempts interest, dividends, or capital gains from taxes. In 2023, the South African government set the TFSA annual contribution limit to encourage saving and investing with tax benefits. For instance, with a limit of ZAR 36,000, contributions within this amount won't attract taxes on any earnings, facilitating more efficient wealth growth and quicker achievement of financial objectives.
Benefits of having a Tax-free investment
Tax-free Returns
With a Tax-free investment, all returns earned on the investment are free from any income tax, capital gains tax, or dividend withholding tax. This can help investors maximise their investment returns and grow their wealth over time.
Employee Satisfaction
Tax-free investments come in various forms, including savings accounts, unit trusts, ETFs, and more. This allows investors to choose a product that suits their investment goals, risk tolerance, and time horizon.
No Contribution Restrictions
Unlike other investment products, Tax-free investments do not have annual contribution limits, allowing investors to invest as much as they want, up to a lifetime limit of R500,000.
Compound Interest
With Tax-free investments, investors can benefit from the power of compound interest, as all returns earned are reinvested tax-free, allowing their investment to grow more quickly over time.
Benefits of Having an
Mont Blanc Financial Services (MBFS) Financial Advisor:
01
Comprehensive Approach:
MBFS advisors go beyond basic financial products. They take a holistic view of your situation, considering short-term insurance, employee benefits, risk management, and even investment options. This comprehensive approach ensures your financial plan addresses all your needs.
02
Technology & Innovation:
MBFS prides itself on being a "Fresh-Tech" ™ company. Your advisor will leverage modern tools and resources to deliver efficient service and provide you with up-to-date financial information.
03
Client-Centric Focus:
Rooted in their core value "We Care" ™ , MBFS advisors prioritise building strong relationships with our clients. They act as partners, understanding your unique goals and tailoring solutions to achieve them.
04
Peace of Mind & Security:
With MBFS's focus on "Getting You Claims Ready" ™ , our advisors can ensure you have the right insurance coverage in place. This proactive approach can give you peace of mind knowing you're protected financially in case of unforeseen events.
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