How does a medium-term investment with no fees sound to you, asks
without paying tax.
For anyone older than 65, the first R34 500 in interest earned in a tax year is exempt.
While retail bonds are great for short- to medium-term investments, they should only form part of your portfolio, especially if you have medium- to long-term investment horizons, because growth investments such as equities tend to outperform bond returns over time.
Investing in retail bonds is fairly easy and you can buy bonds at any SA Post Office branch, at most Pick n Pay outlets and online at rsaretailbonds.gov.za.
You can also visit Treasury’s offices in Pretoria, or call directly on 012 315 5888.