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Give your grandchildren a gift of a Kids Tax-Free Share portfolio this festive season

Posted By Marilynh / November 7, 2018 / 0 Comments

This festive season, consider gifting your grandchildren with a share portfolio which will have far-reaching benefits for them in the long-term.

Your early investment in shares can help pay for your grandchild’s first car, university fees, give them an opportunity to travel or even take a gap year.

 

Christmas 2018 - 1

 

While tangible gifts are great, they tend to lose value over time. “A share portfolio for your loved one is a wise investment choice. A plethora of research has found that shares outperform all asset classes over the long term, and now is the time to start laying the foundation for long term value creation,” says Aneesa Razack, CEO Share Investing, FNB Wealth and Investments. “It’s never too late to invest in shares. It not only ensures that your loved ones are secure financially but also helps entrench a culture of savings in South Africa.”

The Kids Tax Free Share Portfolio (KTFSP) operates just as a normal Tax-Free Shares Account. As an FNB customer you will not pay tax, all capital gains and interest is free from tax. It’s all about affordable investing and you can choose to invest from as little as R 300 per month or invest in a lump sum of R 1000 per month. The minimum monthly account fee is R20 or 0,5% of Assets under management, thereafter it is tiered.

“The share portfolio will also give you access to a diversified portfolio, with investment in the Top 100 companies on the JSE which gives you the best chance of growth over the long-term. Parents/grandparents will receive a personalized share certificate which will serve as reminder of this long-term investments,” says Razack.

Through the banks digital capabilities, customers can also manage and keep track of their investments on FNBs single digital platform. “The bank has invested in its digital channels which ensures that customers have full access to all their banking needs in one place. This ability to invest digitally and grow long-term wealth ensures that customers are empowered to manage their own banking at their own time,” says Razack.

If you are in a position to do so, generating wealth for your children and grandchildren should be a priority. “Investing in a share portfolio is simple. But the key to ensuring that it gives you the returns that you are looking for is to start small, identify your long-term goals are and understand that there will be a certain degree of risk involved. So, take the step and give your grandchildren the gift of opportunity which will last them a life time,” concludes Razack.

 

For more information on the Kids Tax Free Shares
from FNB Wealth and Investments,
please call 087 574 2737 (select option 1)
to open a Tax-Free Shares Account
for your grandchildren this holiday season.

 

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