TD
Tandiwe D

1 reviews | Active since Nov 2020

12 May 2021, 15:32

Miss

I opened an investment account with this bank 2019 which is a 5years investment. I was not told that my investment will be taxable. Now I am owing Sars 5.9k. I went to the bank and was told that if I would cancel I will be penalized 80k. I can lay a complaint against the person who helped to open the account. Which was useless for me because nothing that will change on this account. Just imagine when you trying to save your money but you being reaped off. I am going to pay 5k every year at Sars till the investment matured. I will lose 25k from my money. I am hurt with this whole situation as I am not working at the moment since lockdown started last year. How am I going to afford to pay SARS because of ABSA not giving information regarding their products.

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