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Tax-free Investment account

PB Tax-Free Call investment account Product Detail Banner

Optimise your tax-free allowance by investing in the stock market through Exchange Traded Funds

Some of the benefits

Automation

Set up monthly recurring purchases on a date that suits you

Diversification

Access more than 250 JSE Shares and ETFs on an ad-hoc or recurring basis

Ease of access

Place buy or sell orders into the market at anytime during a JSE trading day

Flexibility

Choose to have profits paid to your bank account or top up your next purchase  
What you get
  • There is a R36 000 annual contribution limit and a R500 000 lifetime contribution limit
  • Access to the stock market through selected Exchange Traded Funds (ETFs)
  • No tax on capital gains and interest earned, no dividend withholding tax and no securities transfer tax
  • .Profits made in the Tax Free Investment Account do not consume existing tax annual limits (interest and capital gains)
  • Profits may be re-invested in the TFIA without using the contribution limit, provided they are not withdrawn
  • There are penalties for exceeding the annual and/or lifetime contribution limits and will result in punitive taxation by SARS. 
  • It is your responsibility to ensure that your contributions do not exceed the limit imposed by regulations

See guidelines on investing in a TFIA
Learn more about Exchange Traded Funds

How it works

Buying

  • You may, at any time, place a purchase order to use available funds in your trading account, subject to the minimum trade sizes (ASI – R500; TFIA R250)
  • If there are insufficient funds in your account, you can use the “top up my account” feature to transfer money from your bank account to your trading account
  • If the market is closed at the time that your order is received it will be automatically placed on the next trading day
  • Option to automate your investing by setting up recurring purchases on a date that suits you

Selling

  • You may at any point place a sale order stipulating the number of units held you wish to sell
  • Choose whether to have the proceeds of the sale remain in your investment account (so they me be used for a later purchase) or to have them automatically paid out to your bank account (this will happen 3 business days after the sale). Any unused funds in the account do earn interest
  • If the market is closed at the time that your order is received it will be automatically sent to the market when it next opens
     
WHAT IT COSTS

 Brokerage  is charged at 0.15% of the value invested with no minimums. A 0.12% annual safe custody fee will be levied at 0.01% per month.

Statutory Fees include

  • STRATE fees are R3.97 
  • Investor Protection Levy (IPL) 0.0002% of trade value 
  • VAT on Brokerage, STRATE and IPL 

Other Fees 

  • Cash Withdrawal fees 
  • Withdrawals are charged at R4.56 (including VAT) per single withdrawal to your nominated bank account
  •  If Early Settlement requested, it is charged additionally at 0.25% with a minimum of R39.90 (including VAT) 
How to get it

What you'll need

  • An existing rand-denominated transactional account with Standard Bank* 

*If you're a minor, you'll need the consent of your parent or guardian


 

  • What you get
  • How it works
  • WHAT IT COSTS
  • How to get it
  • There is a R36 000 annual contribution limit and a R500 000 lifetime contribution limit
  • Access to the stock market through selected Exchange Traded Funds (ETFs)
  • No tax on capital gains and interest earned, no dividend withholding tax and no securities transfer tax
  • .Profits made in the Tax Free Investment Account do not consume existing tax annual limits (interest and capital gains)
  • Profits may be re-invested in the TFIA without using the contribution limit, provided they are not withdrawn
  • There are penalties for exceeding the annual and/or lifetime contribution limits and will result in punitive taxation by SARS. 
  • It is your responsibility to ensure that your contributions do not exceed the limit imposed by regulations

See guidelines on investing in a TFIA
Learn more about Exchange Traded Funds

Buying

  • You may, at any time, place a purchase order to use available funds in your trading account, subject to the minimum trade sizes (ASI – R500; TFIA R250)
  • If there are insufficient funds in your account, you can use the “top up my account” feature to transfer money from your bank account to your trading account
  • If the market is closed at the time that your order is received it will be automatically placed on the next trading day
  • Option to automate your investing by setting up recurring purchases on a date that suits you

Selling

  • You may at any point place a sale order stipulating the number of units held you wish to sell
  • Choose whether to have the proceeds of the sale remain in your investment account (so they me be used for a later purchase) or to have them automatically paid out to your bank account (this will happen 3 business days after the sale). Any unused funds in the account do earn interest
  • If the market is closed at the time that your order is received it will be automatically sent to the market when it next opens
     

 Brokerage  is charged at 0.15% of the value invested with no minimums. A 0.12% annual safe custody fee will be levied at 0.01% per month.

Statutory Fees include

  • STRATE fees are R3.97 
  • Investor Protection Levy (IPL) 0.0002% of trade value 
  • VAT on Brokerage, STRATE and IPL 

Other Fees 

  • Cash Withdrawal fees 
  • Withdrawals are charged at R4.56 (including VAT) per single withdrawal to your nominated bank account
  •  If Early Settlement requested, it is charged additionally at 0.25% with a minimum of R39.90 (including VAT) 

What you'll need

  • An existing rand-denominated transactional account with Standard Bank* 

*If you're a minor, you'll need the consent of your parent or guardian