Invest insurance
Growth the taxman can't touch.
Save and invest completely tax-free within the annual limits — every cent of growth stays yours.
- Completely tax-free growth
- Annual & lifetime limits
- Flexible fund choice
A Tax-Free Savings Account (TFSA) lets you invest and pay no tax at all on the growth — no tax on interest, dividends or capital gains, ever. It's one of the simplest, most powerful tools the South African government gives ordinary savers to build long-term wealth.
Ample helps you use your tax-free allowance wisely across South Africa's leading providers, choosing the right underlying funds so your money compounds tax-free for decades.
What Tax-Free Savings covers
Completely tax-free growth
No tax on interest, dividends or capital gains inside the account — for life.
Annual & lifetime limits
Contribute up to R36,000 a year and R500,000 over your lifetime.
Flexible fund choice
Invest in a range of unit trusts matched to your goals and risk.
Access when you need it
Withdraw at any time, unlike retirement products (though it's best left to grow).
For the whole family
Open accounts for your children to give them a decades-long head start.
Simple and low-cost
We focus on low-fee funds so more of the growth stays yours.
Who tax-free savings is for
- Every South African saver, at any income
- Long-term investors wanting tax-free compounding
- Parents saving for their children's future
- Anyone who has maxed out other tax-efficient savings
Tax-Free Savings FAQs
How much can I put into a tax-free savings account?
You can contribute up to R36,000 per tax year and R500,000 over your lifetime. Going over those limits triggers a 40% penalty on the excess, so we help you stay within them.
Is it really completely tax-free?
Yes. You pay no tax on interest, dividends or capital gains inside a TFSA. Over decades, that tax saving compounds into a meaningful difference versus a normal investment.
Can I withdraw money from my TFSA?
Yes, you can withdraw any time. But note that withdrawals don't restore your contribution room — once you've used your lifetime limit, you can't top it back up, so it's best left to grow.
Should I use a TFSA or a retirement annuity?
They serve different goals and many people use both — an RA for the tax deduction and retirement, a TFSA for flexible, tax-free long-term growth. We'll help you prioritise based on your situation.
This page is general information, not financial advice. Cover varies by policy and provider — your dedicated Ample broker tailors it to your needs.
Get a personalised quote
Let’s prove our reliable insurance cover.
Tell us a little about what you need and your dedicated broker will be in touch — usually within one business day. No bots, no pressure.
- Call us0861 112 466
- Email usinfo@ampleinsurance.co.za
- Office hoursMon–Fri, 08:00–16:30