Articles tagged as "retirement annuity"
The importance of an emergency fund in the two-pot era (updated)
For a long time, the retirement savings industry has observed how many South Africans have struggled to balance accumulating and preserving their long-term...
Could you survive on less than a third of your income in retirement?
Despite taking steps to save, millions of South Africans are at risk of having to make significant lifestyle-related downgrades when they are no longer...
Two-pot: How to achieve better retirement outcomes
The new two-pot retirement system has been designed to improve retirement outcomes for South Africans, while allowing some access to retirement savings in ca...
Part 3 (updated): The two-pot system and your savings withdrawal benefit
In part 3 of our Two-pot chapter, Jaya Leibowitz reminds us not to lose sight of the importance of preserving retirement savings, and cautions investors...
The two-pot system simplified (updated)
South Africa’s retirement savings system is changing, with the implementation date of the new system currently set for 1 September 2024 – although go-live...
Part 2 (updated): The two-pot system – what we know for now
There has been a lot of noise in the past few months about the changes that are being made to the South African retirement system. In part 2 of our Two-pot...
Tap into tax benefits this February
The end of the tax year in February presents an opportunity to evaluate the tax efficiency of your financial plan. With many competing financial priorities i...
How to use financial products to enhance estate planning
Felicia Hlophe, legal adviser at Allan Gray, summarises four key estate planning principles and explains how some financial products can be used to provide a...
Retirement annuities still work
Planning well for retirement is essential to ensure your long-term financial well-being. One key aspect of retirement planning is choosing the product, or...
Tax tips as we head into the 2023 tax season
The end of February sees the tax year draw to a close – an opportune time to ensure that your tax affairs, and tax details, are up to date, and to consider...
Are you making the most of your tax-free investment account?
Tamryn Lamb and Twanji Kalula unpack the pros and cons of using tax-free investment accounts over the long term and explain how they can be used to complemen...
Making sense of the proposed two-pot retirement system
In February 2021, the National Treasury announced its intention to amend the retirement fund system in South Africa with the dual aim of creating limited...
Podcast: Are better outcomes for retirement savers on the horizon?
Allan Gray’s head of Assurance, Richard Carter, joins Umbrella Fund specialist Mica Townsend to discuss the challenges with the current system, the...
Get your affairs in order during National Wills Week
It is difficult to confront our mortality, but the fact is that we are all going to die one day and leave our loved ones behind. As a result, it is important...
Should I invest 45% of my portfolio offshore?
In the February 2022 Budget speech, the National Treasury announced significant changes to the framework that governs how much of South African retirement...
How to maximise tax benefits before the end of February
In the spirit of tax season, Carla Rossouw, tax lead at Allan Gray, discusses how investors can make their money work harder using tax breaks. This is always...
Personal finance lessons from Squid Game
Netflix’s smash hit show Squid Game may not be for everyone due to its shock factor and gruesome violence, but it is a relatable story that hits close to hom...
Don’t let December derail your long-term plans
As we approach the proverbial finish line after a long year, most of us are looking forward to a well-deserved break. However, as we focus on making memories...
How to make investing for retirement feel less like a sacrifice
With all the financial demands of present-day life, it can be difficult to stay focused on investing for our longer-term financial goals. Balancing the...
Get your investment questions answered
The pandemic continues to impact all South Africans and has resulted in many of us having to make difficult decisions about money. Some of us have had to tap...
Investing with tax benefits in mind during uncertain times
Amid the extreme uncertainty brought on by COVID-19 and the ongoing lockdown restrictions, investors are tasked with looking beyond the current crisis and...
Upcoming changes to provident and provident preservation funds
The Taxation Laws Amendment Act includes changes to the legislation that governs provident and provident preservation funds that will come into effect on 1...
Your questions answered
As you embark on your investing journey, you’re likely to have a number of unanswered questions. In the final instalment of our 6-part Personal investing 101...
Ready, set, invest
Starting a new long-term investment is less daunting when you follow a methodical approach. In the fifth instalment of our 6-part Personal investing 101...
Divorce and your retirement savings
Divorce can be a traumatic and life-altering experience with wide-ranging social and financial implications. Lebona Khabo discusses entitlement when it comes...
Building a legacy: Part 1
Achieving financial freedom and building a lasting financial legacy is a goal for many South Africans. In the first of a two-part Zoom webinar, hosted by...
Making the most of personal tax incentives
After spending decades nurturing their careers, most people hope to enjoy the fruits of their labour in the form of a sustainable income in retirement. Makin...
Make the most of your tax benefits
The South African Revenue Service (SARS) has put several tax incentives in place to encourage us to save more for our retirement and other long-term goals. Y...
How to save for retirement when you work for yourself
Driven by the desire for greater flexibility, and improvements in technology, many skilled workers are turning to the gig economy to earn a living. Working...
How to bring conversations about saving out of the closet
Talking about finances at work can seem like a taboo subject, especially given that conversations about salaries, bonuses or saving for retirement usually ta...
Retirement planning in reality
To truly break the cycle of poverty and start creating generational wealth, young working professionals need to prioritise saving for retirement. Leaveil Des...
Planning for retirement in the gig economy
Millennials are revolutionising the way we work as they embrace the flexibility and independence of the gig economy, but what does this mean for their...
The ultimate human race
As investors there is a lot we can learn from marathon runners that can assist us with our own “ultimate human race” – the challenge of retiring financially...
Is there any tax benefit in saving over the annual tax deductible amount towards retirement?
One of the key benefits of investing for retirement using a retirement fund is the generous tax deduction for contributions, subject to a maximum of 27.5% of...
How to prevent a financial day zero
Over the past year, Western Cape residents have had to envisage a future without running water and adapt their lifestyles accordingly. They have rallied...
How to maximise tax benefits before the end of the tax year
The end of February is the end of the tax year. Carla Rossouw explains why this is a good time to take maximum advantage of the incentives the government has...
PART 5: What should I invest in?
Tax and law are wrapped around every investment product. Knowing the rules can help you choose the right product for your needs...
Tax season: Your top tax investment questions answered
Confused about how to report on your investments to SARS? With the 2017 tax season in full swing, now is the time to get your documents ready.
Retiring or withdrawing? Think carefully before sending us the form
After a lifetime of work retirement is often a welcome change of pace, but many people rush into a decision to retire or withdraw from their retirement fund....
How to maximise tax benefits before the end of the tax year 2016
Every year at around this time – ahead of the end of the tax year in February – we remind investors to think about taking advantage of some of the incentives...
How can I earn higher returns and pay less tax?
Tax has a significant impact on the returns of your investment. If, like most of us, you would like to see more return in your account and less in the hands ...
How to save for a comfortable retirement
How much is enough to save for a comfortable retirement? Wanita Isaacs unpacks the concepts of ‘enough’ and ‘comfortable’ in the context of this distant,...
What you need to know about the retirement fund changes
National Treasury is making changes to retirement legislation to encourage investors to save more for their retirement and to improve the alignment between t...
February: Don’t miss out on your 2015/2016 tax breaks
The end of the tax year is fast approaching – but there is still time to take advantage of some of the incentives the government has put in place to encourag...
Empower your staff with a Group RA
Employers who illustrate to their staff that they care about their futures by providing them with retirement savings solution, along with investor education,...
