@thugger4lyf you just have to be specific about what you want. look at the difference in detail that's because I was more descriptive about what I was asking for.
Start your TFSA at 25.
R46,000/year for 10 years
= R460,000 contributed
Then you stop. For good.
Same Satrix S&P 500
10% annual growth
30 more years untouched
By 65: R12,800,000
You put in less than half a million. You retire with almost R13 million. Tax free.
Get a SARS Tax refund
β¬οΈ
Use it to max out TFSA early
β¬οΈ
Use TFSA contributions to make extra RA contributions
β¬οΈ
Get an even bigger tax refund next year.
Rinse and repeat.