Save or Invest At ABSA For Tax-free savings and investments
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Grow your wealth year on year by using your tax-free allowance. We offer tax-free products to suit your risk appetite, investment term and goal. You may invest R33 000 per tax year and R500 000 in your lifetime.
Tax-Free Savings
- Opening deposit of R1 000
- Access your money immediately
- Don’t pay tax on interest earned
Tax Free Investment Account
- Opening deposit of R10 000
- Don’t pay tax on your returns
- Invests in unit trusts, exchange traded funds and wrap portfolios
- A choice of various funds to meet your risk appetite
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
Compare
Get an overview of our Savings & Investment products and see how they compare
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