Many South Africans believe that their retirement funds are under attack. Is this fear well founded or an over-reaction to media headlines?
Tag - Retirement reform
I often wonder how people lose track of their money – that is until this week.
If you are a government employee, you need to be wary of advisers who recommend that you resign in order to access your pension before retirement.
The Government Employees Pension Fund has issued a notice to members and pensioners that the new Taxation Laws Amendment Act will not affect their pensions or benefits.
With retirement legislation set to change from 1 March 2016, high-earners may be affected by the newly introduced annual contribution cap of R350 000.
National Treasury has confirmed that the long-awaited retirement reform will go ahead on 1 March 2016. What does this mean for you?
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...
Setting the record straight in terms of how the government’s proposed retirement reforms will affect you. Over the last few weeks vested interests have tried to create fear and confusion around the proposed retirement reform. Between unions flexing their political muscle and alternative investment products trying to convince people not to...