Magnetoactive materials are of considerable current interest, primarily for applications in nonreciprocal Faraday devices used for polarization control, optical isolation, optical switching, and modulation. The need for such devices is growing with laser power enhancement. They reduce risk of self-excitation of the amplifiers and optical elements damage and are a handy tool for organizing multipass schemes. However, at high average power of radiation these devices are subject to thermally induced effects that impair their operability and lead to increased losses and to the formation of phase distortions in the transmitted radiation. One of the methods to reduce thermally induced effects is to use in Faraday devices new magnetoactive materials with better thermo-optical properties. This paper is devoted to the study of thermo-optical and magneto-optical characteristics of a unique magnetoactive material-a terbium scandium aluminum garnet (TSAG) crystal. The TSAG has an extraordinary value of optical anisotropy parameter ξ , a Verdet constant 25% higher than the traditionally used terbium gallium garnet crystal and the highest magneto-optical figure-of-merit known in magnetoactive materials at the moment.Index Terms-Magneto-optical materials, Faraday effect, thermo-optic effects.