It is that time of the year where you stand a chance to top up your tax free investment and make the most of your tax free credits. Also, you can top up your retirement annuity and you could get a refund from the tax man.

Read the article to remind yourself of the benefits of tax free investments.

Remember that your tax free investments are suitable for:

• Medium to long – term investment objective i.e. 3 years to about 7 years and above
• Saving for school and varsity fees for your  kids, a deposit for your first apartment, etc…
• You can invest in local or offshore funds or a combination of these, depending on your risk appetite
• You can use the investments to top up your pension savings
• It is better to first have a short – term investment or emergency fund before a tax free investment so you don’t interrupt your long – term investment, in case of an emergency
• Depending on your risk appetite and who is assisting you to invest, you could earn upwards of 20% with some of the investment funds
• Some offshore funds have returned well over 60% but remember that these funds are highly volatile

Next time I will write about a fund that returned 96% in 2023 and is currently keeping some of our customers awake at night.

Contact ThuthukaSA or WhatsApp us on +27 69 245 0228 if you want to top up your tax free investment or retirement annuity.