Tax-Free Savings Account

Personal Trust Managed Fund (Tax-Free) is an investment that allows natural persons that are South African residents to earn tax-free growth on their contributions to this unit trust. All returns earned on the invested contributions are free from South African tax on interest, capital gains and dividends.

All tax-free savings account contributions will be invested in the Personal Trust Managed Fund. This low cost single manager fund invests in a combination of local and foreign equities, property trusts, bonds and cash. It is designed to seek above-average returns (inflation + 6%) with a medium to high risk profile.

What are the limits?

  • Annual contributions are limited to R30,000 per tax year

  • Unused amounts may not be rolled over

  • A lifetime contribution limit of R500,000 applies

  • Any contributions over-and-above the legislated limits will be subject to 40% 'penalty' tax

  • Reinvestment of returns or dividends will not count as contributions as long as they are not withdrawn and reinvested

  • Funds can be withdrawn however the value of the withdrawal will be deducted from the annual and lifetime limits.

For performance information, please read the latest Minimum Disclosure Document (Fund Fact Sheet)