MoneyMarketing: Tax free property income funds – an attractive future income stream
The end of February marks the start of the new tax year and it’s time for investors in a Tax Free Savings Account (TFSA) to either make their lump sum investment of R33 000 or a series of regular investments in order to take full advantage of the tax benefits offered by SARS for these type of savings vehicles.
For those investors looking to generate an income from their investments, and who can maximise their TFSA allocations for the next 15 years, tax free property income funds can be used to provide an attractive income in the future. They are ideal for those investors who do not have a pension fund or whose pensions may not be sufficient and need to be supplemented. Liliane Barnard and Aimee Glisson at Metope Investment Managers elaborate.