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.
What can it do for me?
There can be no argument against the benefit of a 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.
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 the financial adviser.
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
From R250 per fund and R500 per ETF respectively
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.
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