Category: Retirement Planning

A significant change in legislation will now require you to be a non-resident for South African tax purposes for at least three years before being granted early access to your retirement annuities or preservation funds.

Does the tax-deductibility of retirement fund contributions outweigh the desire for increased long-term international exposure and the threat of prescribed assets?

Retire or resign – don’t leave your decision too late!

The amendments aim to simplify legislation governing retirement products and analyse benefits at retirement, for example, how much can you withdraw at retirement and what are the tax implications?

The answer depends on your financial situation. Here are some things you need to consider:

Retirees face important financial decisions after spending their working life investing towards their retirement. Read more on what options are available:

National Treasury recently eased the living annuity regulations as part of their Covid-19 tax relief programme. We look at the implications of taking advantage of the change and what it will mean for your financial plan in the long term.