Southern Charter
See your money grow, tax-free.
Do you already have a Tax-Free Savings Account?
Your R500,000 lifetime limit is tracked on money paid in, not on growth — so if you're not sure, leave this the same as your current value.
The tax year runs 1 March – end February. Whatever you've already put in this financial year counts towards this year's R46,000 annual limit.
How much can you invest each month?
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When do you expect to need or use this money?
A TFSA has no age or withdrawal restriction, so this is purely to set how far ahead your projection looks — you can always change it later on the full calculator.
Nothing is uploaded anywhere — everything stays right here in your browser.
Your tax-free advantage
Where you're headed
How this projection works
A TFSA is a tax wrapper, not an investment itself — you choose the underlying fund or account and its own expected growth rate. We grow your contributions at a flat rate you set (see the full calculator), and every Rand of that growth stays untaxed. Contributions are automatically capped at the R46,000 annual limit and the R500,000 lifetime limit — once the lifetime limit is used up, contributions stop outright and only the growth on your existing balance keeps compounding, since by law nothing further can go into a TFSA after that.
📊 Your projection charts
At your current contribution (R0/month)
CurrentIf you maxed out the annual limit (R3,833/month)
MaximisedYour inputs
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Set from what you told us on the "When do you expect to need this money?" question — a TFSA has no actual age or withdrawal restriction, so feel free to drag this to however long you plan to keep investing.
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Applied to the ongoing rate at the start of each subsequent tax year.
A TFSA is only a tax wrapper — pick the growth rate for whatever you'll actually hold inside it (cash, a balanced fund, an equity ETF, etc.). Enter this the way fund fact sheets quote it — e.g. "CPI+7% p.a." means exactly 7% real growth after 12 months, not a nominal rate to be divided up.
South African unit trust fact sheets quote returns as a geometric average, compounded — meaning a stated 10% p.a. lands you exactly 10% higher after 12 months. "Effective Annual" matches this convention and is recommended. "Nominal" simply divides the rate by 12 before compounding monthly, which quietly overstates growth (e.g. a 10% nominal rate actually compounds to about 10.47% a year) — only use it if you have a specific reason to.
A rough blend of dividends tax, interest tax above the exemption, and capital gains tax an equivalent ordinary investment would pay on its growth each year. Adjust to suit your own tax bracket and asset mix.
Advanced: contribution limits
Defaults reflect SARS's limits effective 1 March 2026. Edit these if the limits change in a future Budget.
Southern Charter
Tax-Free Savings Account Growth Projection —
Your tax-free advantage
Tax-free growth over time
TFSA vs an ordinary taxable account
| Scenario | Final Value (nominal) | Final Value (today's Rand) | Tax Paid Over The Term |
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Annual breakdown
| Tax Year | Age | Monthly Contrib. | Contributions | Tax-Free Growth | TFSA Value | Lifetime Limit Used |
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