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Tax-free Shares Account
 
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Transaction fees:

Trade option 1st Trading Day of Month Delayed trades (at 15:00)
Brokerage fee* 0.12% (excl VAT) 0.6% (excl VAT) min R50

The monthly account fee for Tax-Free Shares account is 0.5% per annum charged monthly with a minimum of R20 per month.

All share prices are delayed by 15 minutes.

*Two trade orders will be placed per instruction - one for the RMB Top40 ETF, one for RMB MidCap ETF.

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Rules

  • You need a qualifying FNB transactional account
  • Tax-year contribution limit of R33 000
  • Lifetime contribution limit of R500 000
  • A transfer out of the Tax-Free Shares account will be treated as a withdrawal and reported for tax purposes as such

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Monthly fees

Market value of your portfolio
R0 - R250 000 0.50% per annum plus VAT
R250 001 - R1 000 000 0.45% per annum plus VAT
R 1 000 001 + 0.35% per annum plus VAT

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Qualifying criteria

  1. SA citizen, natural person
  2. SA tax resident
  3. 18 years and older
  4. Must have a qualifying FNB account
  5. R300 recurring minimum deposit amount or R1 000 lump sum

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Documents needed

  • South African ID book/ID card
  • Proof of residence

Tax-Free Shares
Account

Invest in the top 100 companies on the JSE using Online Banking or the FNB Banking App and pay no tax on capital gains and dividends earned.

Open now!
Find out more

What's hot

Pay no tax

All capital gains and dividends earned are tax free.



We choose for you

You dont have to choose your shares, we do that for you.



Affordable investing

Start investing from R300 per month.



Invest monthly or a lump sum

Choose to invest from only R300 per month or a R1000 once off lump sum, or both.



A diversified portfolio

An investment in the Top 100 companies on the JSE gives you the best chance of growth, through the RMB Top40 and RMB MidCap ETFs.



Available online and on the app

Buy, sell and track your investment online and on the app.



What you pay + rules

Market value of your portfolio

Understanding Tax-Free Shares


A self-help guide to show you how it works


Do you need a bit more information before you start? We've got everything covered from account opening, funding, investing and maintaining your account.


Self-help guide




Applying made easy

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Qualifying criteria

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   Pricing Guide

First National Bank - a division of FirstRand Bank Limited. An Authorised Financial Services and Credit Provider 1929/001225/06 (NCRCP20).