Tax Free Savings Account (TFSA) In South Africa Explained | Everything You NEED To Know!

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In 2015, the National Treasury introduced the Tax Free Savings Account with the hope of improving the overall savings rate of South African citizens, as they kind of hoped this will in effect lessen the burden on the government of providing for those in need after retirement.

Now it is definitely not very common to receive a gift from the South African government, especially with regards to saving on taxes, so it would absolutely make sense to take this opportunity on with both hands and squeeze the most out of it.

So in this video, I will be going over everything you need to know about a TFSA in South Africa, so that you can realise the beauty of this type of investment and hopefully open your own if you don’t have one already. Guys, you can literally save hundreds and thousands in taxes with a TFSA, so please do not let this opportunity pass you buy. At least watch the whole video and then decide for yourself if this is something that you want to invest your hard earned cash in.

Links mentioned in this video:

Inflation Rates and Investment Returns in South Africa: https://rb.gy/7sapzv
Check Out What These 9 Experts Hold In Their TFSAs: https://rb.gy/sk4qlp

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My name is Dr. Pieter Marx de Villiers, and I'm a Veterinarian turned Financial Advisor from South Africa who aims to retire by the age of 35. Follow me in my journey towards Financial Freedom in (hopefully) just 10 years! :)

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