Tax Free Investments
Tax-free investments act as an incentive to encourage more people to start saving. Investors do not pay tax on the growth of investments (interest, dividends, and capital gains) over the long-term. If you are already investing for the long-term and already paying tax on income and capital gains, you can benefit by investing in our tax-free investment vehicles through our unit trusts. We provide investors with a wide choice of investment products with unrestricted access to their money throughout the investment cycle. You can also transfer a tax-free investment from another financial services provider to us.
There are no restrictions on how many tax-free investments one can have, however the maximum amount you can put into your account per tax year is capped at R36 000 per annum, with a lifetime maximum of R500 000. These products also have benefits in terms of estate planning purposes where your investment can be paid to your beneficiaries immediately with no executor fees payable.
Prowess Money Market 27Four Fund
For investors who are looking to save for a specific short-term goal, desire to achieve capital preservation, want to maximize interest income and are looking for high liquidity.
A money market fund that invests in a mix of short-term and high-quality issuers with high and stable earnings. The fund offers diversification by investing in fixed income securities that are designed to generate competitive returns that are higher than the Short-Term Fixed Interest Composite Index (STEFI) benchmark. This fund seeks to preserve capital and offers high liquidity as it can be converted to cash with ease when required. The fund offers regular interest income.
Fund Fact Sheets
- Prowess Money Market 27Four Fund – October 2023
- Prowess Money Market 27Four Fund – November 2023
- Prowess Money Market 27Four Fund – December 2023
R500 monthly debit order or a lump sum of R5000