Did you know that the South African government offers a tax break with no strings attached to encourage you to save?You are allowed to invest up to R36 000 each tax year tax free! With the new tax year upon us, make the most of it by investing sooner rather than later.
Imagine investing the maximum amount annually in a TFI on behalf of your child from birth until the lifetime limit of R500 000 is reached in the year that they turn 14. The end result, given certain assumptions*, is an investment worth more than R17 million in today’s money, which is enough to fund a comfortable retirement income of more than R80 000 a month, again in today’s money.provided a real return of 8.9% since inception . This example is for illustrative purposes only. Future returns are uncertain and actual outcomes may differ.
Multi-asset class funds simplify investing as you can leave the asset allocation decision-making to skilled investment professionals.