Sav­ings re­turns

How does a medium-term in­vest­ment with no fees sound to you, asks

CityPress - - Business -

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.

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