- Feb 20, 2019
Slightly O/T - my mom's Tax Free Investment (fixed deposit with Investec) matured and they automatically reinvested it for another 12 months in a "new" tax free fixed deposit... does that count towards my mom's tax free allowance for the year?
No, it doesn't. Only an actual contribution from the client is seen as using the annual allowance. Basically the 12 month fixed period began again. Nothing to worry about.