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The Offshore Pension Environment for South Africans

02 March 2023

South Africa (“RSA”) levies no tax arising from foreign pensions under the Income Tax Act 58 of 1962. The aim of this legislation is the entirely self fulfilling one of promoting RSA as a destination for retiring pensioners who have worked and saved all their lives in other countries.

Living longer is a risk – at least for you finances!

21 February 2023

The risk of outliving one’s savings – also called longevity risk – is increasing. People live longer mainly due to better healthcare and improved medical technology and, according to the United Nations, South Africans’ life expectancy is on an upward trend.

Kick-off date for implementation of two-pot pension system urgent

15 February 2023

The pension fund industry could miss the proposed 1 March 2024 deadline to be ready to implement the new two-pot pension fund system should the reforms not be finalised in the first half of 2023, according to Old Mutual.

The advantages of starting to plan for your retirement at an early age

15 February 2023

Retirement planning is one of the most important parts of your financial journey, but it is often neglected or postponed until close to retirement age.

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

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