Explore the Category
By addressing both the urgent need for financial liquidity and the essential goal of preserving retirement savings, the Two-Pot system is poised to guarantee a brighter future for employed South African youth.
With the imminent rollout of the Two-Pot Retirement System, financial advisers must caution retirement annuity investors, pension, and provident fund members about the tax pitfalls of early withdrawals, according to Sean van Zyl, Certified Financial Planner® at Old Mutual Personal Finance.
It’s no secret that South Africa is facing a retirement crisis. According to Lynette Uys, Financial Coach and Retirement Benefit Counsellor at Momentum Corporate, only 6% of the population on track to retire comfortably, but what about the rest of the workforce?
The strongest deterrent against FSP compliance missteps is or should be: