Ensure a good education for your children with help from the JSE
This festive season avoid the over spending rush and invest with a tax-free account
The JSE Tax-Free Savings Account (TFSA) is a hassle-free way for you to ensure that your children receive a good education in the future from a reputable school or tertiary institution.
The JSE TFSA provides ordinary South Africans with a way to invest in Exchange Traded Funds (ETFs). ETFs are ideal for first-time investors looking to invest in the stock market, as they provide a basket of JSE-listed shares by tracking a particular stock market index, such as the FTSE JSE Top 40.
Mpho Ledwaba, Head of Marketing at the JSE, elaborates on some of the benefits: “A small initial investment amount is required to begin investing in our tax-free savings account. ETFs are effective in providing a hassle free opportunity to investors to help them gain exposure to a variety of different securities or shares.”
The JSE TFSA caters to investors across a range of financial fitness, by offering you the flexibility to either make a monthly contribution or a once off lump-sum, depending on your preference and needs.
The JSE’s TFSA is one of many initiatives by the exchange aimed at improving financial literacy and investor education. For instance, the JSE runs the annual JSE Investment Challenge
, intended to increase understanding about financial markets amongst high school learners and tertiary students. There are also online learning modules that can be used to gain greater understanding about the working of the stock exchange as well as the different investment products available.
In addition, the JSE also facilitates Power Hour sessions which are targeted at investors who are already invested in the JSE, but also looking to improve their knowledge of financial markets.
The JSE is committed to making the exchange more accessible. “Whether it be saving for your financial future; participating in the Investment Challenge or Power Hour session, our intention is to ensure that South Africans establish a culture of investing. Investing doesn’t have to be a daunting task. We hope to make investing easy and more affordable for all South Africans,” concludes Ledwaba.
Key features of the JSE Tax-Free Savings Account