T Financial Terms

Tax-Free Savings Account (TFSA)

Banking

A savings or investment account where all returns — interest, dividends, and capital gains — are completely exempt from tax. South Africans can contri...

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Total Cost of Credit

Loans

The full amount you will pay over the life of a loan, including the principal, all interest charges, initiation fees, monthly service fees, and credit...

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Two-Pot Retirement System

General

A retirement fund structure introduced in South Africa on 1 September 2024 that splits new contributions into two components: a savings pot (one-third...

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