Ashburton Tax Free Savings Account
Build and tweak your own investment combination, and take advantage of tax benefits on your returns.
How much can I invest?
Initial lump sum investment R5 000
Additions R2 000
Monthly debit order R500
Maximum: Annual contributions for any tax year are limited to R30 000 with a lifetime contribution limit of R500 000. This applies to all the tax free savings accounts an investor may have with one or more institutions. No arrear contributions are allowed and withdrawals effectively reduce your lifetime limit.
How much will it cost
Opening this account is free. You only pay management fees depending on the fund you choose.