You don't pay tax on any interest,
dividends or capital gains
You can access your cash
when you need it
Invest up to R36,000 per tax year
Lifetime contribution limit of R500,000
Competitive long-term returns
Highly diversified index tracking funds
Simple sign up
No platform fees or advisor fees
10X TAX-FREE SAVINGS ACCOUNT
More money when
you need it most
A tax-free savings account is a great way to save for
long term goals without paying tax on interest earned
or dividends received. You will have easy access to your
funds and won't pay tax when you make
10X offers a number of low-cost index tracking funds
that you can invest in.
More time, more money, more tax saved
Tax savings increase over time as you earn compound growth on the tax saved.
In this example, you could end up with 30% more money simply by investing in a TFSA instead of a regular savings investment.
The example assumes you invest R3,000 per month for 13 years and 10 months with a final contribution of R2,000 in the 11th month when the lifetime contribution of R500,000 is reached. The investment earns 11% per annum and has an equal return split between income, dividends and capital gains.
The personal tax rate is 45%.
When it comes to long-term success, the composition of your fund is crucial. Achieve your investment goal by selecting a 10X fund that has the right asset allocation for you.
Select a fund to learn more