TFIA's came into effect from 1 March 2015 to encourage individuals to save more. The growth and income received on the investment is tax free. This means that investors aren't liable for any capital gains tax (CGT) or income tax on the dividends and interest received on their investment.
An investor looking to build long-term wealth and benefit from no capital gains tax (CGT).
An investor who don't want to settle for interest rate related returns
Preferably and investor must have a time horizon of 10+ years
An investor who is not afraid of volatility
An investor can select the unit trust funds should he wish to do so