July is Savings Month

The latest GrayIssue from Allan Gray highlights July as savings month and discusses the importance of not delaying when it comes to saving. Most South Africans are not saving enough or starting too late. Remember….pay yourself first! See the Allan Gray article below...

Retirement Annuity Information

What is an RA? An RA is nothing more than a one-person pension plan.  A person applies to become a member of an RA fund, which is approved as such by the Registrar of Pension Funds and the tax authorities.  No employer / employee relationship is required to qualify...

Retirement Reform (T-day) POSTPONED!

On 16 October 2014, National Treasury published various documents and revised taxation bills affecting the social security reform and employee benefits industry. Essentially, the retirement fund lump sum and tax changes earmarked for 1 March 2015 have been postponed...

Retirement Funds and Living Annuities (Tax Changes T2014/2015)

There have been many changes recently to the taxation of both retirement funds and living annuities (income post-retirement), with further changes set to commence on the 1st of March 2015. In the detail below we take a look at these changes and highlight the important...

Yes, You Can Retire At 40

“Do it later” is what caught my eye in the article linked to below, “Yes, you can retire at 40”. “Retirement” should not necessarily mean the end of your income generating years. Given medical technology, we will all be living longer and so we should be looking to do...