Tax-free savings solution

Why pay tax when you don’t have to?

In line with the South African government’s initiative to encourage savings in South Africa, through the National Savings Scheme, Royal Union is pleased to announce that we can assist you with setting up your own tax-free savings account through the providers that we partner with.

TAX FREE PLAN FEATURES AND BENEFITS

Imagine the peace of mind that comes from having an investment that allows you to save for your dreams and goals, gives you access to your money at any time, and offers you payment flexibility without any penalties. Not just that, but a tax-free investment - an investment where you get your full investment return without being taxed on any of the growth you have earned.

FEATURES AND BENEFITS

The Tax Free Plan is a simple and transparent savings solution for your savings needs. All growth in the plan is completely tax free and puts you in control of your savings. The Tax Free plan allows you to save and also offers peace of mind because you can access your money at any time. Because all growth in the plan is completely tax free, this means:

  • You don’t pay tax on capital gains. Capital Gains Tax is the tax charged on increases in the value of your investment. With the Tax Free Plan, there is no Capital Gains Tax when you access your money or switch between funds.
  • You don’t pay tax on dividends. Dividend tax is a tax charged on all dividends earned in an investment. With the Tax Free Plan, there is no tax on dividends.
  • You don’t pay tax on interest. Interest income tax is a tax imposed on any interest earnings in an investment. With the Tax Free Plan, there is no tax on any interest earned within the plan.
  • You don’t pay tax on withdrawals. All withdrawals from the Tax Free plan are not taxed.

For further information please contact our Financial Planning department on 031 717 2700 or email This email address is being protected from spambots. You need JavaScript enabled to view it.

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Contact Details

If you would like more information, or to arrange an appointment, please contact us:

Telephone: 031 717 2700

Fax: 031 717 2701

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Postal Address: PO Box 68, Kloof, 3640