YOUR MONEY: Tax-free saving for your kids can set them up nicely

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YOUR MONEY: Tax-free saving for your kids can set them up nicely
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We're only allowed one tax-free investment fund, so let patience be your watchword in letting it grow.

We’re only allowed one tax-free investment fund, so let patience be your watchword in letting it growShould you invest in tax-free investments for your kids? If so, do you really want to donate that to them, and not treat that as their study funds? A tax-free investment is one of the most incredible opportunities to build wealth in a tax-efficient manner, if utilised optimally.

If the investment accumulates an average return of 10% for another 40 years, your children can retire with a monthly income of R198,473.88

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