Retirement

New tax bills – a step closer to retirement reform in SA and immediate 3-year lockup

The draft Taxation Laws Amendment Bill (“TLAB”) was published on 31 July 2020. As announced in the Budget Speech, any South African leaving in future will be subject to a much stricter process from 1 March 2021 onwards.

Reassurance and peace of mind for those nearing, or already in retirement

We all have the same basic wants and concerns when it comes to retirement:

New tax bills impose stricter rules to take retirement funds abroad

The draft Taxation Laws Amendment Bill (“TLAB”) was published on 31 July 2020 and with it comes an overhaul of the regime for taking your retirement funds abroad. In terms of the proposed amendments, expatriation of these benefits will be subject to a much stricter process from 1 March 2021 onwards.

When I’m Sixty-Four