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...
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...
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...
“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...
To all small business owners out there… As we know, saving for one’s retirement is essential and the Allan Gray RA: Caters for individual needs without the complexity of many group retirement funding arrangements, but any risk protection should be provided...
The big house, the sports car, the annual overseas holiday… if you have spent your working life envying your seemingly more affluent neighbour, then be patient: in retirement, your fortunes may well be reversed and one finds out that much of how we measured a...
