Organization : Nedbank Limited
Facility : Apply Online Tax Free Savings Account
Head Office : Sandown
Website : https://www.nedbank.co.za/content/nedbank/desktop/gt/en/personal/save-and-invest/savings-accounts.html
Apply Here : https://www.nedbank.co.za/content/nedbank/desktop/gt/en/personal/save-and-invest/savings-accounts/tax-free-savings.html
Apply Online Tax Free Savings Account :
Features and benefits :
For a minimum opening deposit of just R50, you get the following :
** Competitive tiered interest rates.
** Free monthly or weekly stop orders provide convenience and assist client to grow capital. The minimum stop order amount is R50.
Related / Similar Facility :
Nedbank Apply Online American Express Cards
** Interest can be paid out or capitalised on a monthly basis.
** Partial withdrawals (minimum R50) can be made by providing a minimum of 24hours’ notice.
** Amounts that are withdrawn may not be replaced as they will be added to the contributions for the financial year.
** No monthly fees or commissions.
** Interest rates offered are subject to confirmation when the funds are received by Nedbank.
What you need to apply?
Bring the following documents with you when you apply :
Aged over 16 :
** Your valid barcoded South African identitydocument (or valid passport if you’re a foreign national).
Aged under 16 :
** Parent or guardian’s valid barcoded South African identity document (or valid passport if you’re a foreign national) and
** child’s birth certificate.
** Proof of residence, such as a utility bill, rental invoice or a phone account that has your name and physical address on it.
Additional information :
** Current legislation stipulates that the annual contribution limit is R33 000.00 and the lifetime contribution limit is R 500 000.00 per individual.
** So, if you contribute R33 000.00 per financial year, the interest earned on the deposit will be tax free.
** Remember, the annual and lifetime limits are in place for you as an individual and are applied across all financial institutions and service providers.
** Should you contribute in excess of the stipulated limit, you will be penalised by SARS when submitting your tax returns.
Additional Benefits :
** By linking the account to an electronic banking profile all applicable maintenance can be done with ease.
** Nedbank Affinity programme – support a cause through our Affinities Programme at no cost to you.