Tax Free Savings Account
A Tax-Free Savings Account (TFSA) is a powerful way for South Africans to save and grow wealth without paying tax on interest, dividends, or capital gains.
At Wallstreet Financial Services, we guide individuals on how to maximize their TFSA benefits, making saving simple, effective, and tailored to your financial goals which includes risk profiled portfolios based on your unique risk profile, goals and aspirations.
Tailored Investment Solutions
We believe that no two investors are alike. That's why we take the time to understand your financial goals, risk tolerance, and investment timeline before recommending any products. Our team of experienced advisors will work closely with you to develop a personalized investment strategy that aligns with your aspirations.
Key Benefits of a Tax-Free Savings Account
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Tax-Free Growth: Any interest, dividends, or capital gains earned in your TFSA are completely tax-free.
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Flexible Contributions: Contribute up to the annual limit (currently R36,000 per year, with a lifetime limit of R500,000) at your own pace.
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Accessible Funds: Withdraw your money at any time without losing the tax-free status, giving you flexibility for emergencies or goals.
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Multiple Investment Options: Invest in cash, unit trusts, ETFs, or a combination, depending on your risk profile and financial objectives.
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Long-Term Wealth Growth: Ideal for building savings for education, retirement, or other financial goals with maximum tax efficiency.