T Financial Terms

Tax-Free Savings Account (TFSA)

Banking

Money you save that earns interest tax-free. All the growth stays yours — no SARS tax. You can put in R36,000 a year, R500,000 lifetime. Most SA banks...

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Thin File

credit

A thin file refers to a credit profile with very little borrowing history — meaning the credit bureaus have minimal data on which to base a scor...

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Total Cost of Credit

Loans

The real number — everything you'll actually pay by the end. Principal, interest, fees, insurance, service charges, the lot. Lenders have to show you ...

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Two-Pot Retirement System

General

New retirement system from September 2024 that splits your fund into two: savings pot (one-third, you can access once a year) and retirement pot (two-...

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