I always tell our customers that the best way to invest money is to do so monthly. No amount is too small. With tax free investments starting at R500p/m, most of us can do this. *Nene started her tax free investment in 2018. She was a young graduate starting out in her career back then. She had no experience of investments and was scared of losing money. So we went moderate with her investment. We invested R250 locally and the other R250 offshore. Below is the high level info on her investment statement showing a nice growth of R21 080 over the term of her investment.

Start date of the investment        May 2018

Contributions to date                   R40 000

Growth                                        R21 080

Investment value net of fees       R58 304

It is for this reason that I believe a tax free investment account is a must-have for all of us. We not only enjoy growth of our investments but we are also not paying any tax on interest, capital growth and dividends received. I look forward to the day when stokvels would start investing money, as opposed to saving money as most of them are currently doing.

If you are parent reading this and you have working children, please encourage them to contact ThuthukaSA for their tax free investment accounts.

*Nene is not their real name.