Best Ways To Invest In A Tax Free Savings Account (TFSA) In South Africa

📚 Download My FREE eBook Containing The 10 Baby Steps To Financial Freedom In South Africa: https://www.moneymarx.com/Baby-Steps-... 👉 Link To My DIY Investing Course: https://www.moneymarx.com/money-marx-... If you’ve started taking an interest in your personal finances, chances are good that you’ve been introduced to the Tax Free Savings Account being offered to South African citizens. And doesn’t it just give you the absolute tingles when you think about paying less to tax to the South African government? I know for me it does… And yes, this is arguably one of the best investment instruments available to us, but only if you really understand how to use it effectively. So in this video, I will explain why a TFSA is so powerful, how much money you can expect to save on Tax inside a TFSA, what you should consider putting inside your TFSA, where to invest your TFSA and if you should invest in it monthly or just make a lump sum investment every year. I’ve added timestamps in the description if you want to jump to the sections that most interest you, but I do want to encourage you to watch the whole video so that you can get a proper understanding on how to effectively become a millionaire using these strategies. I hope that this video helped to convince you that a TFSA is arguably one of the best deals in South Africa. If you are thinking of starting to invest, then a TFSA should be your first priority. After you reach its contribution limits, then start adding to a RA or pension fund. But before doing any of this, make sure you have proper insurance as well as a 3 to 6 months’ worth of living expenses in an emergency fund. Here is a breakdown of the info covered in this video: 00:00 Introduction 02:40 Tax payable on normal investments 05:56 How much tax will a TFSA actually save? 07:28 Which asset classes should you include in your TFSA? 13:14 Where to invest your TFSA 15:53 Lump sum vs Debit order for a TFSA 18:07 How to move a TFSA 19:13 Take home message Articles mentioned in this video: How much tax will a TFSA save you: https://rb.gy/tghquy Comparison of best Unit trusts and ETFs for a TFSA: https://rb.gy/w2n3oh Where other S'africans are invested: https://rb.gy/jmzlzl ________________________________________ For Business Inquiries: [email protected] _____________________________________________ DISCLAIMER The information shared by Money Marx is for educational and informational purposes only and should not be taken as Financial, Tax, Legal, or Investment Advice. While Pieter de Villiers is registered under the Financial Sector Conduct Authority (FSCA) and operate within the framework of the Financial Advisory and Intermediary Services (FAIS) Act, the content provided on this channel, in courses, and across all platforms does not constitute Personal Financial Planning or Advisory Services. All information is general in nature, based on factual data, principles, and publicly available information to help South Africans improve their financial literacy. Past performance is not a guarantee of future results, and all investments carry risk. You are responsible for your own financial decisions. For advice tailored to your personal situation, please consult a qualified Financial Planner that is registered with the FSCA. Some of the links on this page are affiliate links, meaning, at no additional cost to you, Money Marx may earn a commission if you click through and make a purchase and/or subscribe. These commissions help support the channel and other educational content.