Four Tips for Navigating the ‘Two-Pot’ Pension Rules
South Africa changed its pension laws with effect from 1 September 2024. The new system is designed to give individuals the opportunity to access only a portion of their retirement funds before they retire, in the case of dire need, or even in case of desire. To an extent, this makes sense, given the low […]
Pension Funds and Emigration
Investing in an offshore retirement fund is one way of growing your wealth in a stable economy over the longer term, or even gaining residency in a foreign country. However, for South Africans, this scenario presents as many challenges as it does opportunities, and should only be considered after consulting with a financial advisor and […]
Three Innovative Approaches to Boost Your Retirement Savings
Retirement planning is absolutely key to your financial well-being, but let’s face it, as those golden years inch closer, a lot of us start to worry if what we’ve saved up is really going to cut it. Sure, sticking to the tried-and-true savings plans is essential, but why not think outside the box a little? […]
Where to find money when you have no money
As COVID-19 has ravaged the economy and stripped it bare of tens of thousands of jobs, there is a real threat to the livelihoods of many ordinary working South Africans. As happens during a time of economic recession, some businesses are unable to pay full salaries, have to scale down and have to let workers […]
REFORM ON THE TAXATION OF PENSION FUNDS
Some controversy surrounds one of the most significant amendments that would have been effected by the Taxation Laws Amendment Act, 25 of 2015, and the Tax Administration Laws Amendment Act, 23 of 2015, being how retirement type funds would have been taxed in future. This includes both the taxation of proceeds from funds, as well […]
REFORM ON THE TAXATION OF PENSION FUNDS
Some controversy surrounds one of the most significant amendments that would have been effected by the Taxation Laws Amendment Act, 25 of 2015, and the Tax Administration Laws Amendment Act, 23 of 2015, being how retirement type funds would have been taxed in future. This includes both the taxation of proceeds from funds, as well […]
