(Another) TFSA thread...

[Priapus]

Update:

Landed up going with EE; it is by far way better than 10x for reasons mentioned on this site. Once you learn the site navigation, everything is actually pretty simple.

Thanks for the recommendation.

 

[Priapus]

I mainly invest in my RA and then dump the 36k worth of Sars refunds into my tfsa every year.

I'm going to be doing this; well the reverse. 36k lump sum into TFSA at the start of the year - then the rest of the year, all RA + Other investments. Any SARS refunds I get, will go into TFSA - then left over into RA. Rinse + repeat.

 

[TofuMofu]

I'm going to be doing this; well the reverse. 36k lump sum into TFSA at the start of the year - then the rest of the year, all RA + Other investments. Any SARS refunds I get, will go into TFSA - then left over into RA. Rinse + repeat.

Don't go over the R36k...you'll get taxed 41% I think for anything above R36k

 

[Priapus]

Don't go over the R36k...you'll get taxed 41% I think for anything above R36k

Yup. 40% of anything above 36k during a financial year. Also lifetime contribution of 500k.

 

[FiestaST]

https://twitter.com/x/status/1606524509367959553

 

[Priapus]

https://twitter.com/x/status/1606524509367959553

Not really. Any contributions to an RA means you get tax benefit. 350k is just the limit for that year.

And any contributions to a TFSA account has a tax benefit- you don’t need to max it out (though you should)

 

[Speedster]

Not really. Any contributions to an RA means you get tax benefit. 350k is just the limit for that year.

And any contributions to a TFSA account has a tax benefit- you don’t need to max it out (though you should)

I think the point of the tweet is that you need a lot of cash to be able to be make use of the available options. Not sure what you are disagreeing with?

 

[supersunbird]

I think the point of the tweet is that you need a lot of cash to be able to be make full use of the available options. Not sure what you are disagreeing with?

FTFY

 

[Priapus]

I think the point of the tweet is that you need a lot of cash to be able to be make use of the available options. Not sure what you are disagreeing with?

The tweet didn’t say you need that much to take full advantage of those benefits. So it was technically incorrect.

 

[Speedster]

The tweet didn’t say you need that much to take full advantage of those benefits. So it was technically incorrect.

Smh.

It clearly says "all the benefits". Anyway, Merry Christmas.

 

[Priapus]

Smh.

It clearly says "all the benefits". Anyway, Merry Christmas.

That’s not how a I read it. But fine. Not sure why it’s bothering you so much.

 

[BigCawk69@gmailcom]

Many ETFs overlap with US performance, including MSCI world which is like 60% USA. To maximize diversity (global exposure not including SA) what do you recommend?