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Here is a helpful interactive calculator which shows the cheapest RAs in SA for different RA values. Calculate here.

If that is correct, LIARS!

Consider that Outvest's Fixed Endowment invests in a 5-year Absa Fixed deposit. From a tax perspective, - income from the Outvest Fixed Endowment will be in the form of interest - R 23 800 interest per annum is exempt from income tax. (R34.5k if older than 65) Endowments are taxed at a flat rate of 30% Their offer thus is interesting if (a) your marginal income tax rate is greater than 30% & (b) you have used all of or a considerable amount of your annual interest exemption at SARS !!! Note: Outvest quotes a simple rate of interest. This really is somewhat misleading. The FSCA should really enfore FSPs to quote nominal or effective rates only.

Problem is, in a TFIA, there are no tax savings in offshore ETFs except capital gains...

The Sygnia skeleton balanced funds are cheap with TIC=0.55% and is also a good choice. It got cheaper over the year, the reason might be that the funds holdings are Sygnia ETFs. Together with my RA, I use my TFIA to increase my offshore holdings, so no local equities outside RA.