SatrixNOW Tax-free Savings Account

What is a tax-free savings account (TFSA)? SN
The tax-free savings account (TFSA) is an investment vehicle introduced by the South African Government on 1 March 2015. The primary goal of the TFSA is to ...
Mon, 30 Nov, 2015 at 3:46 PM
What are the benefits of a tax-free savings account? SN
SatrixNOW have a TFSA product that offers the following key benefits: Tax free As the name implies, all profits / earnings within the TFSA are 100% tax ...
Fri, 4 Aug, 2017 at 4:13 PM
How do I get an SatrixNOW tax-free savings account?
As a SatrixNOW client, we automatically provide you with a tax-free savings account when you register with us. To use it, all you need to do...
Tue, 10 Nov, 2015 at 10:47 AM
Does having the SatrixNOW tax-free savings account cost me anything?
No, we give you the tax-free savings account free of charge.
Mon, 30 Nov, 2015 at 3:48 PM
How much can I deposit in a SatrixNOW tax-free savings account? What are my limits?
National Treasury has put limits on the amount you can save in a tax-free savings account. Annual Limit - R36 000 per tax year An individual can invest...
Thu, 12 Mar, 2020 at 2:50 PM
What do you mean by limits on an individual basis for my SatrixNOW TFSA?
Individuals investing in approved tax-free savings accounts are exempt from tax on those approved accounts. This tax exemption is based on individual c...
Wed, 26 Apr, 2017 at 4:15 PM
What control do I have on my SatrixNOW TFSA account?
You have a great degree of control over your TFSA account. You choose when to deposit or withdraw money from your tax-free savings accounts. ...
Mon, 30 Nov, 2015 at 3:53 PM
Do I have to keep my money invested in my SatrixNOW TFSA account for a specific amount of time?
No, there is no specified amount of time for which you are required to be invested. It is your choice as to how long you hold your shares, w...
Mon, 30 Nov, 2015 at 3:53 PM
If I don’t invest up to the R36 000 annual TFSA limit per tax-year does the limit rollover?
No, unfortunately not. There is no rollover with limits By way of example - if you contributed only R10 000 in year one, you cannot contribute R56 000 i...
Thu, 12 Mar, 2020 at 2:52 PM
Are there limits to the amount of dividends I receive in my SatrixNOW TFSA account?
There are no limits on the dividends you could earn from investing in Satrix Exchange Traded Funds (ETFs) available to you in the TFSA account on the Satrix...
Mon, 30 Nov, 2015 at 3:55 PM