Move itTransfer your tax-free investment
to Old Mutual in 15 minutes.

What is a tax free transfer?

Got a Tax Free Savings Account (TFSA) somewhere else? Did you know, you can move it to Old Mutual without affecting your contribution limit? Thanks to a new law, transferring from one TFSA to another is easy and fuss free.

Don't have a Tax Free Savings Account? What are you waiting for? Open an Old Mutual TFSA online today.
What's in it for you?
  • Your contribution is not affected as your investment is transferred from one provider to another and not into your bank account
  • It's quick and easy and takes an average of 15 mins to transfer online
  • Transfer any time. No appointments needed
  • There are zero advice fees when you apply online

Ready to transfer your tax free account to Old Mutual?

Happy man sitting on a chairGot more questions on transferring your TFSA to Old Mutual?

We've got answers. Can't find what you're looking for? Give us a call on 0860 50 60 70.

    Yes, if you’re their parent or legal guardian. Please note, proof of ID, and your child's birth certificate (or proof of guardianship), are required when applying online.

    You can transfer in to your existing Old Mutual Invest Tax Free Account.

    A TFSA gives you the freedom to choose the underlying investment funds. So, if you already have a TFSA, you can arrange a transfer online.

    If the value is more than R50 000, we’ll also need your proof of ID and residence.

    If you don’t have a Tax Free Savings Account and are looking to invest, it’s a simple and quick process - you can get started here.

    While there is no maximum value, transfers have to have a minimum value of R5 000.

    You can transfer to another service provider by filling in this Transfer Out Form and faxing it to us at 0860 607 500.

    If you’d like to give us feedback, or a chance to improve our offering, please send us an email with more details service@oldmutual.com

    Any payment from your own bank account into a tax free savings account is viewed by SARS as a NEW contribution, and so will count towards the tax-year limit of R46 000 (and the R500 000 lifetime limit). If you exceed these limits, SARS will make you pay a penalty.

    For example, say you contributed R10 000 into Tax-free Account A. You were unhappy with how it performed and decided to withdraw the money into your bank account. You then decided to use that R10 000 with Tax-free Account B. SARS would view your total contribution for the tax year as R20 000, not R10 000.

    The only way that a 'transfer' can count as a transfer, is if you don't ever touch the money yourself - it must go instead from company to company, using a Transfer Request Form and a Transfer Certificate.