Browse FAQs
Contents
General
How do I decide which fund to invest in?
Two things to take into consideration when choosing a fund to invest in are: 1) How long do you plan to stay invested, and 2) How can you maximise the tax benefit of the TFSA.
Read moreWhat happens if I contribute more than my annual allowable amount?
If you contribute more than your annual allowable amount of R36,000 in a tax year the amount contributed above the annual allowance will be taxed at a rate of 40%, regardless of your personal income tax rate.
Read moreWhat is the period for which the annual limit applies?
The South African tax year runs from 1 March to 28 February of the next year.
Read moreHow long will it take for my funds to be invested?
If you made a lump sum deposit, your money will be invested within 2 working days of the money reflecting in the Unit Trust bank account (a completed lump sum instruction form must have been provided).
Read moreCan I change my portfolio after signing up?
Yes you can definitely change your portfolio after signing up.
Read moreHow do I sign up?
You can sign up online in less than 10 minutes. Click here to access our online portal and follow the prompts.
Read moreTax-free savings account
Why should I open a TFSA with 10X Investments?
Opening a TFSA is a good idea. Opening a TFSA with 10X is a great idea. Our low fees, proven-track record, and transparency means you get more money when it matters most and of course, tax-free!
Read moreCan I transfer my TFSA from one provider to another?
Yes. If you wish to transfer your TFSA from one provider to another, keep in mind that such a transfer can only be made between service providers.
Read moreShould I let SARS know that I have a TFSA?
Even though no tax is payable on earnings within a TFSA, South African tax residents are obliged to disclose information about their investments to Sars when submitting annual tax returns.
Read moreCan I open a tax-free savings account in the name of a family trust or a company?
A tax-free savings account can only be opened for an individual. You can open one for each individual in a family, but cannot open one in the name of a trust or a company.
Read moreWhat is the difference between TFSAs and retirement annuities?
The key distinction is TFSA contributions are made with after-tax money and do not qualify for any deductions against taxable income.
Read moreCan I leave my TFSA funds to a beneficiary when I die?
The 10X Investments TFSA is an investment portfolio that is managed as a Collective Investment Scheme (CIS) and divided into equal parts or ‘units’.
Read moreWhere can I view the performance of my 10X TFSA?
You can view the monthly Minimum Disclosure Document for the unit trusts you are invested in on our website here:
Read moreCan I set up a TFSA for my child?
Yes, only parents and legal guardians can set up a Tax-Free Savings Account in their child’s name.
Read moreHow can we 10X Your Future?
Begin your journey to a secure future with 10X Investments. Explore our range of retirement products designed to help you grow your wealth and achieve financial success.