Mail & Guardian
Africa · 4 hrs ago
✦ 75◉ Centre
Your savings just got a major boost from the government. Now’s the time to make the most of it.
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Credibility 75/100
Partisan intensity 35/100
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◉ Centre ✓ Fair headline
South Africa's government has increased the annual contribution limit for tax-free savings accounts from R36,000 to R46,000 effective 1 March 2026, allowing savers to earn tax-free interest on a higher amount.
Your savings just got a major boost from the government. Now’s the time to make the most of it.
There has never been a better time to be a saver in South Africa! From 1 March 2026, the government increased the amount you can invest in a tax-free savings (TFSA) or Tax-Free Fixed Deposit account from R36 000 to R46 000 a year- and what’s great about this investment is, every rand of interest […]
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