Maximizing Your Returns: A Guide to Tax-Free Savings Accounts

In today’s episode, Warren Ingram invites Gabriel Botha, Business Development Manager at Prescient, to discuss the complex details of Tax-Free Savings Accounts and how they can benefit you from tax rebates, dividends, the limitations, and how TFSA & pension fund withdrawals work. 

Questions/ Topics: 

  • Tax-Free Savings Accounts (TFSAs) & what they offer 
  • TFSA withdrawals
  • TFSA contributions
  • TFSA investments: dividend-paying stocks and money market accounts.
  • Limitations within TFSAs: annual contribution limits and restrictions on certain types of investments.
  • Combining TFSAs and RRSPs: more on retirement investing.
  • How interest rates can affect the returns of TFSA investments
  • TSFA investing strategies/ suggestions
  • Overall benefits of a TFSA 

Have a question for Warren? Don’t forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod

.