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When the CFR communication talks about saving "20% of 35%" my brain comes up with a figure of 7%  But I know that is wrong. ... Some wordsmith needs to put this together in a way I can understand.   

The Auto Share Invest (ASI) and Tax Free Invest functionality has moved to the new Online Banking Site. Below is everything ASI and Tax Free Investment account holders need to know about the new platform.   What is AutoShare Invest? Auto Share Invest (ASI) is a low–cost online investing platform that gives you the opportunity to buy and/or sell around 200 JSE listed Shares and ETFs on an ad-hoc and/or recurring basis.   The new ASI platform allows you to: Schedule recurring purchases on any trading day of the month allowing you to align your investing with your budget cycle Place Purchase or Sell orders into the market at any time during a JSE trading day Elect whether or not to reinvest residual cash in your investment account along with your next purchase Elect to have the proceeds of Sales paid directly to your bank account or to remain in your trading account to be used to top up your next purchase   How recurring orders work   Select the securities you would like to invest in (R500 for ASI and R250 for TFIA) minimum per selected Security per month, stipulating a Rand amount per instruction Decide whether to automatically add any unused funds in your trading account to top up your order Scheduled orders need to placed prior to midnight on the day prior to execution Early in the morning of the purchase day, we will collect the required amount from your Standard Bank bank account. Later that day, after the market has opened, we will buy as many units as the amount available allows at the prevailing market price. Your portfolio will automatically update as orders match. You can monitor your portfolio and scheduled/pending/complete/failed orders via the Online Banking platform and the Standard Bank mobile app. Recurring Scheduled Purchase using any available funds   How buy/sell today orders work   Purchases You may at any point place a purchase order to utilise available funds in your trading account, subject to the minimum trade sizes (ASI – R500; TFIA R250) If there are insufficient funds in your account you can use the “top up my account” feature to transfer money from your bank account to your trading account If the market is closed at the time that your order is received it will be automatically sent to the market when it next opens Sales You may at any point place a sale order stipulating the number of units held you wish to sell Choose whether to have the proceeds of the sale remain in your investment account (so they me be used for a later purchase) or to have them automatically paid out to your bank account (this will happen 3 business days after the sale) . Any unused funds in the account do earn interest. If the market is closed at the time that your order is received it will be automatically sent to the market when it next opens   Once off purchases:      Get the most out of your tax-free investing:     A tax-free investment account** is an invaluable addition to any investor's portfolio. Through it, you're able to take advantage of great tax breaks and use it for your own benefit and to give your loved one a gift that keeps on giving.    The benefits of a Tax Free Investment Account are: No Securities Transfer Tax (STT). No Capital Gains Tax (CGT) when you sell these products. No Dividend Withholding Tax (DWT) on dividends earned. No tax on interest earned.   Key features of the Tax Free Investment Account are: There is a R33 000 annual contribution limit and a R500 000 lifetime contribution limit. Selected Exchange Traded Funds (ETFs) are available. Profits made in the Tax Free Investment Account do not consume existing tax annual limits (interest and capital gains), and may be re-invested in the TFIA without utilising the contribution limit, provided they are not withdrawn. There are penalties for exceeding the annual and/or lifetime contribution limits. It is your responsibility to ensure that your contributions do not exceed the limit imposed by regulations. Exceeding these limits will result in punitive taxation by SARS.    Selling securities in you TFIA (please note that should you elect funds to go into your bank account 'Withdraw money into my nomindated account', this will be treated as a withdrawal from your TFIA)     Reinvestment and dividends All cash (accumulated from distributions, interest, left over from purchases or added to the account by UCount) held in your investment account is placed with the JSE Trustees (Pty) Ltd. and earns interest at the JSET rate, less fees. In order to enable you to harness the power of compound growth we have built a feature to allow your scheduled purchase orders to be automatically topped up with any available cash. If you have multiple orders for the same day the available cash is split in proportion with the value of the orders. This is the easiest way to automatically reinvest your investment income.    As an example, if you own 100 shares of a company and it pays a dividend of R2.50 per share, after the deduction of 20% Dividend Withholding Tax (DWT not applicable in tax free accounts), you will receive a net dividend of 100 * R2 = R200.   Additionally, let’s say that you have R38 left over in your account from a past purchase, where you fell short of the required amount needed to buy one more additional share.   Thirdly you have redeemed R250 in loyalty points from UCount into your account.   These amounts all attract interest for the period that they are in the account, in this case let’s say that is R5.50   These amounts are all added together:             R200 (nett dividend)             R38 (remaining from previous month)             R250 (UCount points redeemed)             R5.50 (Interest)                         R493.50 (total)   If you have elected to top up your next scheduled purchase order of R750 with available funds, the actual order will be for R750 + R493.50 = R1243.50   For more information on how to use UCOunt points for Tax-free investing, please check out the following post: Earn UCount Points with Standard Bank     The  Fee Structure   Transaction Fees   When you invest through ASI you will benefit from our reduced brokerage rate of just 0.25% (excluding statutory charges).   The tables below gives you an indication of the costs associated purchasing securities. There are three different cost scenarios, namely purchasing shares (ASI), purchasing ETFs (ASI) and purchasing ETFs (Tax Free)   Brokerage is charged at 0.25% of the value invested, with no minimums   Statutory fees comprise: Securities Transfer Tax (STT) – 0.25% of trade value, only applicable to the purchase of shares (ETFs exempt) STRATE fees are 0.005787% on the value of the share transaction: The minimum is R10.19 for trades with a value up to R176,000 The maximum is R73.49 for trades with a value over R1,270,000 Investor Protection Levy (IPL) 0.0002% of trade value VAT on Brokerage, STRATE and IPL     Example costs for Share Purchases in ASI       Example costs for ETF Purchases in ASI     Example costs for ETF Purchases in TFIA       Example costs for sales of both Shares and ETFs in ASI         Monthly Fees   ASI Accounts have no monthly fees, but do attract a R25 (VAT inclusive) fee for inactivity. If there are no investments in your account for 60 days then the inactivity fee will apply   Tax Free Investment Accounts attract a monthly fee of R10 (VAT inclusive)