You undoubtedly know the worth of saving for a rainy day and investing in and for your future self, your family, and your children. It’s crucial that you have funds accessible for any occasion or unexpected event. As a South African citizen, you can choose a tax-free savings account with great rewards. The first tax-free savings accounts were launched in the first quarter of 2015 when an amendment to the Income Tax Act creating these new mediums came into effect.