What is a tax-free savings account?
A tax-free savings account is type of investment designed to help you save money without paying tax on the interest you earn or the dividends you receive. You can withdraw your money at any time without paying tax on the amount you take out.
A tax-free savings account (also known as a "TFSA") is a great way to save for long term goals without paying tax on interest earned or dividends received. You will have easy access to your funds and won't pay tax when you make withdrawals.
Benefits of a tax-free savings account
You don't pay tax on any interest, dividends or capital gains
You can withdraw your money at any time
You can contribute up to R36 000 per year
You can have more than one Tax-free savings account
Why open a 10X Tax-free savings account?
Low fees
Lower fees means higher returns. Retirement Annuity fees starts at only 1.04% and reduces the more you invest.
Index tracking
Trying to pick winning stocks usually fails. By tracking an index, we deliver higher returns than most fund managers.
Transparency
Track your investment performance and fees anytime through our client portal. Simple, transparent access to your savings.
Diversification
We invest your money locally and internationally in a high performing mix of shares, property, bonds and cash.
More money, more money, more tax saved
Tax-free investing maximises your returns, especially over the long term. Your savings grow faster as you earn compound returns on money that would have gone to tax.
Here's an example of the TFSA advantage: Invest R 3,000 monthly until reaching the R500,000 lifetime limit, and with an estimated 8% annual return, your tax-free investment will be worth30% more than a regular savings account at the 45% tax bracket.
Our fees are simple and transparent
Our fees are simple and transparent, so you know exactly what you’re getting in your investment. You'll pay an annual fee between 0.33% and 0.69%, depending on which fund you choose.
No platform fees
No broker of advisor fees
No exist or penalties for changing your investment fees
Speak to an investment consultant
Speak to an investment consultant
Real assistance by real people
No chatbots, call centres or weeks waiting for a response. Our team are here to help via email or phone.Easy switching
We'll fully manage the switch from your old provider.Clear product information
We help you understand which product and fund best suits your needs.10X Consultants
Choose the best 10X fund for you
We have a selection of funds available for each product. If you need more information on how to select a fund for your specific needs, you can speak to our consultants.
10X Your Future with superior returns
This fund consistently outperforms other leading fund managers, so it's not surprising that most 10X investors choose this fund to help them reach their long-term goals.
Benefits of the 10X Future Fund
Local and international investment
Diversified
Low fees
Ready to start investing with 10X?
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.
Leading companies invest with 10X