DID YOU KNOW?

If you save R33000 annually in a tax-free savings account for just three years from the day your child is born, by the time they are 18 you will have more than enough money to put them through university. This is worth thinking about when steering family and friends around baby gifts. If you put away R2000 per month using a tax-free savings account, after five years* you will have a fund of R150000 for emergencies. If you leave it invested for another five years without any further contributions, it will grow to R 250000. *Investment returns were assumed to be 10% per annum.