Sooner rather than later. Here’s what you need to know: With any financial obligation, it is always advised to get it started or completed sooner rather than later. For South Africans, the number of those who will be able to maintain their standard of living is low. Research shows the estimation of 6-25% of...
Tag: retirement
Different retirement funding vehicles and how they work – A look at the rules for withdrawals, early termination, and transfer
In this article, we explore in more detail, the various types of retirement funds that are available to investors, as well as the rules that are applicable regarding withdrawals, early termination, and transfer. Pension fund Contributions The contributions that an employee makes towards a pension fund are tax deductible up 27.5% of pensionable income,...
People are living longer, baby boomers retiring later
FA News (2020) compiled an article of views on trends and what to expect in the year 2020. According to Viresh Maharaj, Chief Executive of Corporate Sales & Marketing at Sanlam, the key trends that will shape our future, specifically 2020, include: 1. The rapid consolidation of standalone funds into umbrella funds. Standalone retirement...