Expected changes to the income tax laws in March 2019 will allow people who emigrate before they reach retirement date more flexibility to withdraw their retirement funds when they leave the country
Tag - retirement annuity
While retirement vehicles share some characteristics, there are some key differences so it's important to understand exactly how your retirement fund works.
If you are not vigilant in your choice of RA, it can easily become an inflexible money trap that delivers low returns, high fees and stiff penalties.
Where's the best place to put extra money for retirement if you already have a company pension fund?
Not many people think about using their year-end bonus as an additional voluntary contribution (AVC) to their retirement fund. Here's why you should.
National Treasury has confirmed that the long-awaited retirement reform will go ahead on 1 March 2016. What does this mean for you?
In Episode 5 of Change in your Pocket, we look at the various options available when it comes to saving money for your retirement.
National Treasury recently released its latest paper on retirement reform entitled "Retirement reform: lowering charges and improving market conduct" in which it makes recommendations for default retirement options which will provide a reasonable retirement solution to those individuals who don't want to be actively engaged in their retirement...
By Tanya Lochner, fiduciary specialist at Glacier by Sanlam In the foreseeable future retirement annuities will no longer fall outside of your estate for estate duty purposes, so bear that in mind when you do your estate planning. Since 2007, a retirement annuity (RA) has been a tax-favourable savings vehicle in that the lump sums were not subject...
The phased reform of South Africa’s retirement sector may have a far-reaching impact on retirees – especially those who have not recently assessed their strategy. While many of the mooted retirement reforms will only be implemented next year, one of the first changes, effective as of March, disallows lump-sum withdrawals from provident...