I thought since we did External Environment at the beginning of the course, it would be nice to read an article on impact of one of the factors, Tax in Financial providers. FNB has introduced a new Tax free Cash deposit account that targets individuals who’d usually use their retirement funds on emergency situations or those that are dependent on expensive debts because of lack of savings. So, FNB is trying to encourage and incentivize savings by offering a tax free cash savings option that charges no fees when you take out your investments, no tax on interest earned, dividends received or capital gains. It a good idea as members will save on tax and be exposed to better growth prospects of the stock market. Minimum investment allowed is R1000, making it easy for all income classes to invest with FNB.
To read more, go to the website below.