Tax-free savings account
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. 10X allows for a lumpsum contribution of R1,000 minimum or a monthly contribution of R500, with the option of making monthly or annual contributions, or even ad hoc contributions as and when the opportunity arises.
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