TFSA Archives -

Talk about a wolf in sheep’s clothing

I received another unsolicited email today from an operation called “savemoney.co.za” about a tax-free savings account. It’s just Old Mutual in disguise and despite claiming to offer the “best tax-free savings account in South Africa” a little digging shows that this is VERY far from the truth.They are, in fact, ripping off poor, unsuspecting and …

The great Tax Free Savings Account con!

Am I the only one who dislikes Tax Free Savings Accounts (TFSA) and all the hype that goes with them? Let’s take a step back before getting all excited about TFSA’s. They were introduced (by Government) to encourage non-savers to save and unfortunately,

Old Mutual Tax-free savings – stay away from this one!

I get a lot of spam email but I really hate it when I receive unsolicited offers to invest from insurance companies. Today I received an email from Old Mutual offering to save me money with their Tax-Free Savings Account (TFSA). Apparently, you can start saving with as little as R170 per month, pay no …

TFSA’s – a better way?

There seems to be quite a bit of activity around the new TFSA accounts and yet it seems to be by all the “wrong” people. By this I mean that the people who seem to be getting excited are not the actual intended beneficiaries…we seem to be forgetting that the TFSA accounts are intended to …

TFSA’s – a response!

I wrote the piece below towards the end of Feb just after the regulation around TFSA’s was announced* and at the time that OM (life) announced the launch of their offering. I took the information directly from their website and then got contacted by someone from OM about my information being incorrect…my response to this …

Tax-free savings accounts – another half-baked offering!

I was recently interviewed on radio about the new tax-free savings accounts (TFSA) that are being introduced on 1 March 2015. Any attempts to encourage savings in a country where household debt levels hover around 80% needs to be applauded and encouraged but as I prepared for the session I found it increasingly difficult to …

The Financial Coach

Talk about a wolf in sheep’s clothing

The great Tax Free Savings Account con!

Old Mutual Tax-free savings – stay away from this one!

TFSA’s – a better way?

TFSA’s – a response!

Tax-free savings accounts – another half-baked offering!