This week, National Treasury announced a new addition to the RSA Retail Bond range of products, making it attractive for individuals who want to invest monthly.
Fixed Rate Retail Savings Bonds earn a market-related fixed interest rate, which is priced off the current government bond yield curve, and not the repo rate. However, as of April 1, investors will be able to select the RSA Retail Savings Top Up Bond and start saving from as little as R500 with the option to top up their investment as often as they like with a minimum of R100 at any time over the investment term.Unlike traditional bank fixed deposits, the RSA Retail Savings Bond offers a restart option that allows you to restart your investment after 12 months if interest rates have changed.
Currently, the rates are 3.5% for a three-year bond, 3.75% for the five-year bond and 4.50% for the 10-year bond. That means you are guaranteed a real return after inflation.
Your tax analysis of inflation linked bonds is not correct. It's all interest. See section 24J of the Income Tax Act, 1962.
Congratulation🎉🎉 to me, Mrs ElisaBailey123 I will never forget your help and support towards my investment process. Most especially your advice, you really changed my life financially,
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Interest rates, war and oil keep lid on global stock reboundUS finally embarks on its series of interest rate hikes, oil prices above a $100 a barrel and the war in Ukraine are keeping sentiment cautious
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE ends the week firmer, while global markets take a breatherInvestors are digesting interest rate hikes from both the US Fed and Bank of England and the war between Russia and Ukraine which shows no sign of abating
Source: BDliveSA - 🏆 12. / 63 Read more »
Interest rate hikes on the cards this week, followed by higher fuel prices and rising inflationConsumers are bracing themselves for an increase in interest rates this week - the second hike this year - as the war in Ukraine pushes fuel prices and inflation higher. Y’all looking for excuses to increase shit It's all about its shareholders & never in the interest of the majority of our people. We need the Central Bank of South Africa if this country is to realise any betterment. Germany with serious shares in the SARB will never allow a reserve bank in Germany. Dismantle this bank
Source: SundayTimesZA - 🏆 47. / 51 Read more »