We offer tax-free products to suit your risk appetite, investment terms and goals. You may invest R36 000 per tax year and R500 000 in your lifetime.
Tax Free Fixed Deposit
- Launch rate of 8.70%pa, interest at maturity offered for a limited period
- Minimum once off opening deposit of R36 000
- Maximum deposit is limited to a once off R36 000 except if you are transferring from one tax-free account from another institution to ours
- Investment is fixed for 12 months
- No tax is payable on the interest earned
- Interest is payable on maturity
Tax Free Savings
- Opening deposit of R1 000
- Tiered interest rates
- Don't pay tax on your returns
- Save up to R36 000 per year tax free
- 40% penalty on access balance
- Immediate access to your money
- Earn additional interest with the Absa Digital Bonus Rate
Tax Free Investment Account
- Opening deposit of R5 000
- Don’t pay tax on your returns
- Invest in unit trusts, exchange traded funds and wrap portfolios
- A choice of various funds to meet your risk appetite
- Earn additional interest when you open and manage your account digitally
Tax Free ETF Savings Account
- Reduced brokerage of 0,2% with no minimum and no monthly fee
- No securities transfer tax on purchases
- No capital gains tax when you sell these products
- No dividend withholding tax on dividends earned
- No tax on interest earned
- All approved ETFs offer you exposure both locally and offshore
