TFSA contribution question

[ivans]

Simple question: If I’ve moved my TFSA from one provider to another and now have say, 10k of rand value (the shares were sold before transfer) in the new TFSA (Easy Equities).

Will my new ETF/instrument purchases count as new contributions, or can I spend it all at once?

(I amassed the 10k at the former provider with R 500 a month contributions)

 

[ivans]

@hazrus I understand. I did a TFSA transfer, and filled out paperwork with both FNB and EE.

FNB required me to sell the shares and the rand value was transferred.

 

[hazrus]

@ivans Great stuff. Then yes you can start buying etfs with those funds.

 

[ivans]

@hazrus Thank you, Appreciate your responses