EE TAX-FREE SAVINGS ACCOUNT (TFSA)

Can I open a tax-free savings account for a child, spouse or family member?
Yes, you can open a tax-free savings account for your children, spouse or family member. In fact, it's one of the greatest gifts you could give.  W...
Fri, 4 Aug, 2017 at 3:51 PM
If I deposit money into the Tax-free Savings Account of my child, spouse or family member’s, how will this affect their annual or lifetime limits?
By depositing money into the Tax-Free Savings Account of your child, spouse or family member, you are contributing towards (using-up) their annual (R33 000)...
Wed, 26 Apr, 2017 at 4:18 PM
Can a tax-free savings account form part of an inheritance?
Yes. When the holder of a Tax-free Savings Account dies, the account will form part of that deceased person’s estate and estate duty will still be applicabl...
Mon, 28 Jan, 2019 at 12:38 PM
Can I transfer money between my TFSA and Investment accounts?
Yes you can. With our new (as of Feb 2019) Inter-account transfers facility, you can transfer settled funds in your EasyEquities ZAR account into your TFSA ...
Thu, 7 Feb, 2019 at 9:14 AM
Do I need to sign additional forms or submit new FICA documents for my TFSA account?
No. None at all.  When you register for an EasyEquities account, we will FICA you just once and will open a TFSA account automatically for you as part o...
Fri, 4 Aug, 2017 at 3:55 PM
Do I earn EasyMoney with my TFSA account?
No. There is no EasyMoney earned on referrals of EasyEquities TFSA accounts. We like to think that the benefit is already in place by virtue of the “t...
Mon, 28 Jan, 2019 at 12:39 PM
What happens to my tax-free savings account when I die? Will my heir get any tax benefits if the inheritance comes from a tax-free savings account?
The proceeds of a tax-free savings account (the deposits and all returns earned prior to death), will form part of “property” as defined in the Estate Duty ...
Mon, 28 Jan, 2019 at 12:39 PM
Retirement fund assets are protected against the claims of creditors. Is this also the case for tax-free savings accounts?
There is no similar provision pertaining to a Tax-free Savings Account.
Mon, 28 Jan, 2019 at 12:40 PM
Do i pay tax on foreign dividends in my TFSA?
Yes, unfortunately with some foreign dividends you do. What goes on in your Tax-free Savings account is exempt from local-based taxes (Capital g...
Mon, 5 Feb, 2018 at 4:30 PM