With a TFSA from Investec Investment Management Services, both the growth and income you receive on your investment are tax free - no capital gains tax (CGT) and no income tax are levied on the dividends and interest received. The fund managers, in this case Investec, invest your money in a portfolio of assets such as equities, bonds, cash and * AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once a year. The AER is intended to be an indicative rate to help you compare the return on different savings products. ˆ Gross p.a. is the rate of interest before any tax is deducted. Investec offers fixed term deposits, notice deposits and instant access deposits, prime linked deposit and tax free fixed rates. Deposits range from 1 month to 12 months, Investec Fixed Deposit Interest Rates. Account Details APY What interest rate do you offer for: Investec, which does not play in the mass market space for which cash TFSAs are ideal, comes in with a simple offering, suited to its higher-income target market: 7.45% interest a year on a minimum deposit of R30 000 on a 12-month term and a maximum annual contribution of R33 000. Interest rates on cash TFSAs (per year) R250 – R1 000. Cash ISAs allow you to earn up to £20,000 tax-free interest, which may be an attractive prospect if you have a substantial amount of savings and you are likely to earn a significant amount of interest. Investec have a number of cash ISAs that allow you to earn tax-free interest at a competitive rate. The rate for the 'fixed term deposit' product is period effective and for a 1 year or 12 month term. It requires a minimum deposit balance of Over R1 000 000 to open up this type of account. It has tiered rates so this product return can vary depending on amount deposited with 'period effective'.
1 | TAX-FREE INVESTMENT UNIT TRUST LIST Investec Equity Fund5. E. Tier 3. No Interest Bearing - Money Market Unit trusts are traded at ruling prices.
Rates for Private Money Fund, Private Select Fund and Investec Top5 accounts opened prior to 21 September 2009 are available upon request. The rates are indicative rates only and will be confirmed at the time of dealing and are subject to change. The nominal rate is the interest rate on deposits which is unadjusted for compounding interest. Secondly, investors sometimes forget that they have an annual tax-free interest exemption. At current money-market rates, you can keep close to R300 000 in a money market fund before paying any tax on the interest. Ideally, this allowance should be used to set up your emergency cash pool rather than a TFSA. Make the Investec Tax Free Fixed Deposit work for you Here are two examples of how Investec’s Tax Free Fixed Deposit can help you save (minimum R30 000 investment at a premium fixed deposit rate of 7.31%* per annum). First mover advantage. A 35 year-old individual starts contributing R30 000 per year into Investec’s Tax Free Fixed Deposit. The Investec Tax Free Fixed Deposit Investment Account is a 12 month investment account that allows you to maximize your returns in a product which is fully excused from income tax. It has fixed interest rates and is subject to the provisions of the Income Tax Act 1962 and all other applicable legislation. Investec Tax Free Fixed Deposit Investment Account Features: 12 month fixed cash investment. Fixed premium cash deposit rate. 100% of investment returns exempt from tax. There are no *AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once a year. Gross means the interest rate payable before the deduction of tax. The AER is intended to be an indicative rate to help you compare the return on different savings products. Our fixed deposit accounts enable you to lock your savings away for a fixed term*, while you benefit from higher rates of interest. Save from R100,000. You have the choice of a fixed or prime-linked interest rate as well as the availability of a tax-free product option. Save for longer term goals with a fixed deposit savings account from Investec. Lock your funds away from one month to five years and earn a competitive interest rate. There are no monthly fees to erode your savings and your capital is guaranteed.
With a TFSA from Investec Investment Management Services, both the growth and income you receive on your investment are tax free - no capital gains tax (CGT) and no income tax are levied on the dividends and interest received. The fund managers, in this case Investec, invest your money in a portfolio of assets such as equities, bonds, cash and
The rate for the 'fixed term deposit' product is period effective and for a 1 year or 12 month term. It requires a minimum deposit balance of Over R1 000 000 to open up this type of account. It has tiered rates so this product return can vary depending on amount deposited with 'period effective'. If they do this religiously, investors will, after some 17 years, have R500 000 plus capital growth, interests and dividends, as a tax-free investment. Aimed at increasing savings in a country with an exceptionally poor savings rate, tax-free investments allow you to save without incurring any tax on the growth of your investment.
