What is a Tax Free Savings Account?
From weddings to birthday milestone celebrations and big life events, it's never too early to start investing in your or your children's future.
If you save R800/month*, in less than 8 years, you could put over R150 000 towards that future big day.
A sizeable deposit can make a big difference to the affordability or offer to purchase on a new house.
If you save R1000/month*, you could have the deposit you need in 6 years.
It’s never too early to start saving and having a bit more in your budget could get you the car you’ve always wanted.
Saving R1300/month* could get you there in 8 years. But if you manage to save R1600/month, you could get there in 7 years.
Investing in your child’s education or looking to further your own? It is important to start as soon as possible - the more time you have to invest, the more time your money will have to grow.
Start by getting an idea of the costs of education in the future.
Disclaimer: *This projection is based on investments into the Old Mutual Balanced Fund with an annual premium increase of 10%. Savings examples are estimates and for illustration purposes only, actual amounts may vary.
- 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
Tax Free Savings AccountHere's why people choose us:
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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.
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.