Tag - Retirement reform

Retirement annuity tax loophole to be closed

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 truth about retirement reform

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...