Browse FAQs

Tax-free savings account

Why should I open a Tax-Free Savings Account with 10X Investments?

Opening a Tax-Free Savings Account is a good idea. Opening a Tax Fee Savings Account with 10X is a great idea. Our low fees, proven-track record, and transparency means you get more money, tax-free!

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What happens if I contribute more than R36,000 in a tax year?

If you contribute more than your annual allowable amount of R36,000 in a tax year the amount contributed above the annual allowance will be taxed at a rate of 40%, regardless of your personal income tax rate.

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How do I sign up for a Tax-Free Savings Account and what do I need?

You can sign up online in less than 10 minutes. Click here to access our online portal and follow the prompts.

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How much am I allowed to contribute to my TFSA?

Legislation allows you to invest up to R36,000 per year towards a TFSA, or R3,000 per month, with the maximum lifetime contribution being R500,000.

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Can I transfer my Tax-Free Saving Account from one provider to another?

Yes you can transfer your Tax-Free Savings Account from one provider to another.

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How can we 10X Your Future?

Begin your journey to a secure future with 10X Investments. Explore our range of retirement products designed to help you grow your wealth and achieve financial success.