Did you max out your TFSA this year?

[SauRoNZA]

can we start money putting in again? did our overlords increase the limit for the year?

No increase.

 

[akescpt]

No increase.

FFS

 

[FiestaST]

Reminder to Max your benefit. The Tax Year ends in 5 days.

 

[Lefty309]

The R25 monthly fee is waived when maxing out the TFSA for the year, correct? What happens after the absolute max of R500,000 is reached. Not that this applies to me yet

 

[FiestaST]

I liked her approach:

Maxing out my EasyEquities TFSA in March 2024 - Talking Money With Nozi

 

[Sideshow Bob]

Bought some property - no maxing on anything for a long time

Soon you will have 20+ properties just like most of us. Keep buying flats whenever interest rate drops or goes up.

 

[Sideshow Bob]

Not at all surprised you would be that kind of idiot.

He had to buy ammunition due to ongoing war in SA. Give him a break.

 

[FiestaST]

Tried a diff approach this year, topped up my TFSA for the year in full a couple of days ago.

Was a mental leap for me but long term growth as opposed to just sitting in the Bank.

Once I’m back & financially recovered from the big trip will focus on somewhat on mirroring my ZAR ETF’s to my TFSA.

 

[W@P]

Tried a diff approach this year, topped up my TFSA for the year in full a couple of days ago.

Was a mental leap for me but long term growth as opposed to just sitting in the Bank.

Once I’m back & financially recovered from the big trip will focus on somewhat on mirroring my ZAR ETF’s to my TFSA.

That's the best way. Dump the whole R36k one shot.

 

[SauRoNZA]

I just have a standing debit order every month with my other investments to max it out.

Gives me more choice to move things around if I want to change things up a bit month-to-month.

Payment on 1st, Automated order on 15th.

 

[zerocool2009]

I do manual topup’s!

Like now… prime time to buy!

 

[3WA]

I'm a monthly debit order guy. Two of them, R6k a month. I'm waiting for the contributions to hit R500k so I can get back to wasting this money each month.

 

[FiestaST]

PSA:

A friendly reminder that you have 5 days left to max out your TFSA for the '25 tax year.

 

[zerocool2009]

One of the best investments one can start!

I am starting year 11 next week! Boomshakala !

 

[Smiggles]

No but I did max out my Credit card.

 

[FiestaST]

One of the best investments one can start!

I am starting year 11 next week! Boomshakala !

Love it! Pretty much the final stretch

 

[Maurice Kitching]

Hope we see a lifetime limit increase when the budget finally drops.

 

[SauRoNZA]

PSA:

A friendly reminder that you have 5 days left to max out your TFSA for the '25 tax year.

Or your Retire Annuity for that matter and get most of it back in July.

 

[NarrowBandFtw]

PSA:

A friendly reminder that you have 5 days left to max out your TFSA for the '25 tax year.

bruh, it's 4 days to 28 Feb no? ok technically 4.5 at the time you posted

I'm on the opposite kind of schedule though, max it out on 1 March, so I have to wait another 5 days before I can do it again for the next tax year

 

[Bill Clitnon]

And one of the best decisions it was too! All global markets are still far off from the lows it is heading towards, especially SA which is currently experiencing a total collapse. A lot of money will still be lost.

Plonker posted this on 2 March 2023 - almost exactly 2 years ago.

Since then the S&P 500 returned almost 50%. Majority of other indices up as well.



I see plonker's new profile is gone already so can't tag him to come tell/lie to us how "one of the best decisions" turned out for him.