STANLIB Tax-Free savings

A Tax-free Savings investment gives your savings a better chance to grow because all returns on the investment are free of tax. You can diversify your investment easily and conveniently by investing with a range of investment portfolios or funds in a single account.

This solution can help you to save towards a medium to long term goal. While you are allowed to withdraw from the product, it is not intended for investors who require regular access to their money.

What does it offer you?

  • Flexibility: Invest once off whenever you choose or make regular monthly or annual investments by debit order.
  • You may contribute up to a maximum of R33 000 per tax year to all of your tax-free savings accounts, and R500 000 over a lifetime. If you contribute more than you are allowed to, any excess contributions will be taxed at a rate of 40% in your hands.
  • Start, change, or stop your regular contributions at any time.
  • Your investment returns are exempt from capital gains tax, income tax on interest, dividends tax, and Real Estate Investment Trust (REIT) tax.
  • Choose from a wide range of investment managers, discretionary fund managers and portfolios. You can change your selection whenever you want to, free of charge.