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Online Share Trading

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Tax Free Savings Accounts

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Blik
Super Contributor
I transferred the whole 30K and have bought half in one EFT. SFM allow this, although if the rules dont, then I guess I'll get a penalty. I am off to open two accounts for my kids right now.
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cheapcheap
Regular Contributor
If you go on Stanlib.com they have all the rules there.
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klapka
Super Contributor
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CHATTYCHAT
Super Contributor
Typo? R250 should be R2 500
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Blik
Super Contributor
Are we going to see the rise of the TFSA generation in 30 years time; kids, who's parents put the whole lot in for them, got the growth and may never have to work ???

My matchbox calcs, say that if I open my kids accounts now (I have), put the whole lot in (over 16 years) and keep their accounts locked and get between 10 - 15% growth excluding div re-investment, their accounts will be around 4.5 - 13.6 million each.
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