It’s like the name says. The Old Mutual Tax Free Savings Account (TFSA) lets you grow your money without paying tax on the growth of your investment (capital gains), the interest or dividends.
Simply decide on how much you want to save and how often. Then let your money make more money. The longer you leave it, the more it grows. And when you’re ready, access your money. No tax payable.
What are you saving for?
Old Mutual Flexible Investment Plan can help you reach them. All it takes is a little dedication and a lot of dreams.
*These projections are based on investments into the Old Mutual Balanced (Life) Fund reaching its projected targets with an annual premium increase of 8%. Savings examples are estimates, exclude fees and charges and are for illustration purposes only. Actual amounts may vary.
What do I need to apply for an Old Mutual Tax Free Savings Account?
Apply online today. Here’s what you’ll need:
- Proof of identification (a valid SA ID or passport)
- Proof of residence
- Bank account details
- if applying for a minor, you will need a birth certificate
You can also speak to an Old Mutual Financial adviser.