The best things
in life are tax freeStart investing from as little as R250/month
and pay no tax on the growth of your money.

What is a Tax Free Savings Account?

It’s like the name says. The Old Mutual Tax Free Savings Account (TFSA) lets you grow your money without paying tax on the growth of your investment (capital gains), the interest or dividends. Simply decide on how much you want to save and how often. Then let your money make more money. The longer you leave it, the more it grows. And when you’re ready, access your money. No tax payable.
What's in it for you?
  • Reach your goals, then make new ones
  • Pay no tax on the growth of your investment
  • Start with as little as R250
  • Invest a maximum of R36 000 per tax year and R500 000 over your lifetime
  • Quickly access your money when you really need it
Mother and child laughing
Why choose Old Mutual's
Tax Free Savings AccountHere's why people choose us:
Switch to Old Mutual. After all, no one else has over 175 years of experience managing money.Have more TFSA questions?
We've got answers.

It's easy to wrap your head around Tax Free Savings. If you can't find what you're looking for, call our Customer Service Centre on 0860 60 60 67.

    Apply online today. Here’s what you’ll need:

    • Proof of identification (a valid SA ID or passport)
    • Proof of residence
    • Bank account details
    • if applying for a minor, you will need a birth certificate

    You can also speak to an Old Mutual Financial adviser.

    Old Mutual charges an annual administration fee which is 0.5% of your fund value (if you invest in Old Mutual funds). This is deducted at the end of every month. A minimum administration fee will apply if you don’t have a regular investment set up.

    You choose which funds you want your money to be invested in. You can split or switch your money between different funds at no cost. You can do this by logging on to MyPortfolio or by speaking to your financial adviser.