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Momentum tax-free investments

Tax-free savings accounts in South Africa

To encourage a culture of personal savings, Government has for the first time introduced tax-free savings accounts. This means that, when you use these products to save, you will not pay any Capital Gains Tax (CGT) or tax on interest and dividends earned.

How does a tax-free savings account work?

You can invest a lump sum or regular amounts to a tax-free savings account. Your contributions are limited to a maximum of:

  • R30 000 every year; and
  • R500 000 in total over your lifetime.

You can withdraw your money from a tax-free investment at any time. Just remember that it will count against your yearly and lifetime contribution limits.

Momentum tax-free investment options:

  • My Savings Portfolio offers you 3 tax free savings account options with a minimum contribution of R250 a month: Tax-free Education Savings, Tax Free Retirement Savings and Tax-free Dream Savings.
  • Momentum Wealth Investment Series Flexible Tax-free Option offers you a tax free investment plan with a minimum contribution of R1000 a month.
  • We will monitor your contributions to your tax-free savings products and other investment products with Momentum to make sure that you stay within the legislated limits.

Want to know more about tax-free savings?

Contact your financial adviser or complete the below form and we will call you back advise on the best tax free savings account option for you or your minor children, returns and interest rates, etc. so you can start investing tax free secure your financial future by making smarter decisions today.

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Thank you for your submission, a Momentum representative will be in contact shortly.

Client service number for existing members: 0860 664 321 Email:investo@momentum.co.za

*A valid ID document will be required to activate your investment.

Click here to read more about our tax-free product offering.

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