Retirement

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Combining a tax-free savings account with your RA can extend your earnings by an additional 12 years in retirement

09 September 2021 | General

Combining your retirement fund contributions in, for example, your retirement annuity (RA) with a tax-free investment (TFI) could extend the period over which you will receive an income at retirement by as much as 12 years.

Solving South Africa’s retirement savings crisis

09 September 2021 | General

For retirement systems in many countries, the pressures from Covid-19 exacerbated those that were already present before the virus hit. One might say that the retirement savings crisis is a pandemic all on its own and South Africa has had multiple waves of it.

Two-buckets versus the 12% NSSF malarkey

06 September 2021 | General

Asset managers plying their trade in South Africa are holding a watching brief over a number of retirement fund proposals that, if implemented, will have a significant impact on retail clients’ disposable incomes and retirement savings outcomes. Their vigil is joined by members of the country’s financial planning community who are justifiably concerned about the impact such changes will have on their clients’ retirement journeys. “We have received many questions [from advisers] on the recent retirement fund proposals,” said Sangeeth Sewnath, Deputy MD at Ninety One, during an interview with the asset manager’s Advisor Services Director, Jaco van Tonder.

Accessing retirement savings before retiring like stepping into quicksand

01 September 2021 | General

The recent announcement that the government is looking at ways to allow people to access their retirement savings in an emergency as from next year may have given many people hope that their financial woes are about to end.

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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