Retirement / General

What does inflation mean for your client’s retirement?

In 2023 alone, South Africans have seen multiple interest rate hikes and that trend might continue in the second half of the year.

Expert warns against neglecting retirement savings amidst inflation and interest rate hikes

Unpacking the changes to the retirement fund lump sum tax tables

From 1 March 2023, the tax-free amount that can be taken as a lump sum payout from a retirement fund increased by 10%, from R25 000 to R27 500 before retirement, and from R500 000 to R550 000 at retirement (the previous and new tax tables are included in the Appendix below).

Maximising retirement income: How to choose the right investment strategy

Your retirement plan should be tailored to your specific circumstances.