Invest in unit trusts inside a tax-free wrapper — pay no tax on interest, dividends or capital gains, within your annual and lifetime limits.
Your TFSA is held on Prism, the investment platform operated by Mzansi Wealth. Underlying funds are managed by Mzansi Investments and selected external managers.
No income tax, dividends tax or capital gains tax on anything earned inside the TFSA.
Unused annual contribution room does not roll over to the next tax year.
Invest in the same unit trust range as a standard investment, just inside a tax-free wrapper.
| Item | Detail |
|---|---|
| Annual contribution limit | R36,000 |
| Lifetime contribution limit | R500,000 |
| Withdrawal impact | Withdrawals do not free up new contribution room |
| Annual management fee | 0.50% – 1.75% p.a., depending on fund |
| Excess contribution penalty | 40% tax on amounts over the limit |
You can withdraw at any time, but the contribution room you've used doesn't come back — withdrawing doesn't reset your lifetime limit.
Yes, but your combined contributions across all providers, not just Mzansi, count toward the same annual and lifetime limits.
SARS charges a 40% tax penalty on any contribution above your annual or lifetime limit, so it's worth tracking contributions across all providers.
An adviser at Mzansi Advisors can check your total contribution room across all providers before you invest further — at no extra cost.
Speak to an adviserCompare all investmentsMzansi Wealth (Pty) Ltd is an authorised Financial Services Provider (Category I, platform administration), regulated by the FSCA.
Mzansi Investments (Pty) Ltd is an authorised Financial Services Provider (Category II, discretionary), regulated by the FSCA.
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