? This makes sense as both products attract generous tax treatments from the government.
“An RA enables individuals to save for retirement in a tax-efficient manner,” says Kelin Pottier, product development specialist at On the other hand, the contributions made to a TFSA can’t be deducted from your taxable income. A taxpayer is allowed to invest R36,000 a year with a lifetime limit of R500,000 into TFSAs.
In addition to the tax deductibility of contributions and their annual caps, the government places restrictions on the allocation of RAs. With TFSAs, though, there are no caps as to where you can invest — even offshore if that’s your thing.
10Xinvestments T_Lethu I have always hated Bitcoin and thought it was a scam until a friend referred me to Allison_Grillo, I made my first withdrawal of R100,000 in 2 weeks thanks to Allison_Grillo.
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