Create tomorrow by investing up to R500 000, tax-free

Grow your investments through a Tax-free Investment Account that provides for a zero tax rate on your investment returns. What may seem like small steps right now could very well yield big returns in the future.

What is it?

A product that allows you to invest in a variety of funds, 100% exempt from income and capital gains tax.

Flexible investment terms

You can adjust your portfolio and contributions as you see fit

Totally transparent

Insights into fees, investment terms and underlying investment holdings

Clear reporting

View portfolio holdings, investment values and transactions

What can it do for me?

There can be no argument against the benefit of tax-free return on investment. The Absa Tax-free Investment Account offers the perfect vehicle to start your investment journey. It is not suited to investors with a short-term view.

Tax break

Dividends, income and rentals are not taxable – subject to thresholds

Greater diversity

Choose from a comprehensive range of funds

It’s really simple

All you need is your ID, Proof of Residence and your opening deposit

What does it cost?

The annual fees are calculated on the market value of the units held in the fund. Financial adviser initial and annual review fees are negotiable between you, the investor, and your the financial adviser.

Minimum investment

Investment amounts are restricted to the annual and lifetime product investment limits - currently R 33,000 and R 500,000.

Minimum monthly debit

R 250 per unit trust fund and R 500 per underlying ETF selected.

Minimum lump sum investment

R 10 000

Additional investments

from R 250 per fund and R 500 per ETF respectively
Fees and charges

The fees levied on the Absa Tax-free Investment Account include:

• Annual administration fee for services provided by Absa Investment Management.

• Annual and/or initial financial adviser fee for services rendered to the investor by the financial adviser.

• Asset management fees which will vary depending on the underlying fund/(s) selected.
Tax implications

Dividends, rental and income derived from underlying unit trust and Exchange Traded Fund (ETF) investments within this product are not taxable (subject to the current legislated tax-free exemption thresholds for natural persons).

Furthermore, capital gains arising from the disposal of unit trust/ ETFs within the product are not subject to capital gains tax.

Certain information relating to the Investment are reportable to SARS by the Fund.

Note that Absa may at no point in time provide any tax advice to clients and the information relating to tax above is purely for information purposes.

Download our investment application form

1. Download our investment application form.

2. Complete the form and gather the required documentation.

3. Fax the documents to 0861 339 265 or email them to applications@absainvestments.co.za