Save or Invest At ABSA For Tax-free savings and investments

by

Save or Invest At ABSA For Tax-free savings and investments

Explore
Not sure what you need? Let us help you.

Grow your wealth year on year by using your tax-free allowance. We offer tax-free products to suit your risk appetite, investment term and goal. You may invest R33 000 per tax year and R500 000 in your lifetime.
Tax-Free Savings
  • Opening deposit of R1 000
  • Access your money immediately
  • Don’t pay tax on interest earned
Tax Free Investment Account
  • Opening deposit of R10 000
  • Don’t pay tax on your returns
  • Invests in unit trusts, exchange traded funds and wrap portfolios
  • A choice of various funds to meet your risk appetite
Tax-free ETF savings account
  • Reduced brokerage of 0.2% with no minimum and no monthly fee
  • No securities transfer tax on purchases
  • No capital gains tax when you sell these products
  • No dividend withholding tax on dividends earned
  • No tax on interest earned
  • All approved ETFs offer you exposure both locally and offshore

Compare
Get an overview of our Savings & Investment products and see how they compare

Tax Free Savings Account
  • Opening deposit of R1 000
  • Tiered interest rates
  • Don’t pay tax on your returns
  • Save up to R30 000 per year tax free
  • Access your money immediately

Tax Free Investment Account
  • Opening deposit of R10 000
  • Don’t pay tax on your returns
  • Save up to R30 000 per year tax free
  • Invests in unit trusts, exchange traded funds and wrap portfolios
  • A choice of various funds to meet your risk appetite

Tax-free ETF savings account
  • Reduced brokerage of 0.2% with no minimum and no monthly fee
  • No securities transfer tax (STT) on purchases
  • No capital gains tax (CGT) when you sell these products
  • No dividend withholding tax (DWT) on dividends earned
  • No tax on interest earned
  • All approved ETFs offer you exposure both locally and offshore