Retirement

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Sanlam now offers one retirement umbrella fund for life

04 February 2016 | General

The Sanlam Umbrella Fund has become the first major commercial umbrella fund in South Africa to allow members to stay in the fund into retirement, removing the need to exit the fund and purchase a living annuity. The fund’s new In-Fund Living Annuity offers members access to a range of institutionally-priced investment portfolios within its trustee-approved investment menu.

Take advantage of RA season to boost your retirement savings

04 February 2016 | General

According to the National Treasury, over 94% of South African’s are currently not saving enough money for their retirement. To encourage self-sufficiency and dissuade reliance on the State, the Government has created a number of great tax breaks to incentivise South Africans to save more money for their old age.

New retirement rules level the playing fields

02 February 2016 | General

Government is moving to level the playing fields when it comes to retirement savings. The new Taxation Laws Amendment Act, 2015, which comes into effect on 1 March 2016, has been met by opposition from some quarters but the development is positive for both individuals and the financial services sector.

The difference between a Tax Free Savings Account and a Retirement Annuity

02 February 2016 | Savings & Investments

Many people don’t understand which tax is being referred to when discussing Tax Free Savings Accounts (TFSA), says financial consultant Carl van der Berg of Alexander Forbes Financial Planning Consultants.

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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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