The basics
Growth, dividends and withdrawals are tax free, but contributions are capped annually and over your lifetime.
Common mistakes
Withdrawing and re-contributing does not reset your limit. Treat it as a long-term vehicle.
Tax-Free Savings Accounts Explained Simply
What counts toward your limit, what happens if you exceed it, and how to use a TFSA properly.
Thandi Mokoena·16 Jul 2026·7 mins read· 201 views