Improve your tomorrow by investing in a tax-free savings account

Maximise on your investment opportunities through a tax-free savings account. What may seem like small steps right now can yield big returns in the future.

What is a Tax-Free Investment Account?

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 a Tax-Free Investment Account do for you?

There can be no argument against the benefit of a tax-free return on investment. Absa tax-free savings 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 a Tax-Free Investment Account 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 the financial adviser.

Minimum investment

Investment amounts are restricted to the annual and lifetime product investment limits - currently R33 000 and R500 000

Minimum monthly debit
R250 per unit trust fund and R500 per underlying Exchange Traded Fund (ETF) selected

Minimum lump sum investment
R10 000

Additional investments
From R250 per fund and R500 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 Investments.

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

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

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

Furthermore, Capital Gains Tax 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 AIMScc@absa.co.za

One Investment form for Individuals

One Investment form for Legal Entities

Click here to view terms and conditions.