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Dear <title> <surname>

FNB Private Wealth is offering you a new, simple and convenient way to save or invest. The Tax-Free Savings Account is an investment that lets you save or invest up to R30 000 per tax year, with growth in your saving or investment completely tax free.

Why the Tax-Free Savings Account works for you

FNB’s Tax-Free Savings Account provides an easy way to save, complementing your wealth portfolio and offering you these benefits:

  • Tax-Free Savings – you don’t pay tax on growth on your savings or investment, including any interest earned, dividends received or capital gains
  • Choice of account – based on your savings needs, you can choose to save tax free for the short to medium-term with FNB’s Tax-Free Cash Deposit or long-term with the FNB Tax-Free Shares Account
  • Simplicity and convenience – your account can be managed from the full range of FNB Banking channels, including FNB Online Banking or through your Private Banker.

Tax-Free Cash Deposit – enjoy tax free returns with access

The Tax-Free Cash Deposit guarantees your capital and the quoted returns, has no monthly fees and offers attractive interest rates. The minimum investment is just R1 000 and you have access to your cash in an emergency. This is a good choice for short to medium-term savings when you don’t want to take any market risk.

How you benefit

  • There is a 100% capital guarantee and a 100% guarantee on quoted returns
  • All returns are tax free
  • You are able to access your money in just 7 days
  • There are no monthly fees
  • You are able to save from as little as R1 000
  • You will earn interest of 5.75% per tax year on balances from R20 000, and at slightly lower rates on balances below R20 000
  • The maximum investment is R30 000 per tax year
  • The maximum lifetime contribution is R500 000
  • Interest is earned daily and capitalised monthly

FNB Tax-Free Shares Account – enjoy a diversified portfolio, with tax free returns and dividends

The Tax-Free Shares Account is a long-term investment that offers exceptional growth potential and enables you to invest in the Top 100 companies on the JSE. Fees are based on your individual portfolio size.

How you benefit

  • All returns and dividends on the investment are tax free
  • It’s an easy way to gain access to the JSE, with investment in the Top 100 companies on the JSE
  • You receive a diversified portfolio
  • You are able to invest from as little as R300 per month or a minimum of a R1 000 once-off lump sum
  • You pay monthly fees ranging from 0.3% to 0.4% per year, based on your individual portfolio size
  • The maximum investment is R30 000 per tax year
  • The maximum lifetime contribution is R500 000

Yours sincerely
<BankerName> <BankerSurname>
<EmaiAaddress>

 

 

FNB Online

Visit our webpage www.fnb.co.za

Private Banker

Speak to your Private Banker

  

Call:

0860 SHARES/ 0860 742 737

FNB Branch

Visit your nearest FNB Branch
  First National Bank - a division of FirstRand Bank Limited. An Authorised Financial Services and Credit Provider (NCRCP20).