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  • Independent on Saturday

    YOUR QUESTIONS ANSWERED

    Jan 30, 2021 4 minutes

    BENEFITS OF TAX-FREE INVESTMENTS

    I want to save R500 a month regularly, adding to it as I can. I don’t think I will need this money for at least 10 years, as I am hoping to build up a nest egg. Is a tax-free investment the right choice?

    Name withheld

    Magdeleen Cornelissen, a financial adviser from PSG Wealth Menlyn, responds: Although there are several investment vehicles that could be suitable to address your needs, a tax-free investment would be a good option to consider.

    Deciding which investment type to use is only one element. The next step is to ensure that the asset allocation within the portfolio is correct. Given the longer-term investment mandate, you might want

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