Shaun Duddy discusses how to meet and manage risks while drawing a stable income in retirement. He explains why investing at least 50% in growth assets is a necessity and why drawing more than 4% is not advisable.
Blog Archives
Retiring or withdrawing? Think carefully before sending us the form
You need to ensure you understand and carefully consider the tax implications of your decision before submitting an instruction.
From fazed to phased retirement
Data from Alexander Forbes suggests that most South Africans face the prospect of having to extend their career beyond the traditional retirement age. This trend has given rise to ‘phased retirement’ – a strategy enabling individuals to gradually ease their way into retirement while continuing to make contributions to their retirement fund.
Section 10C of the Income Tax Act
Section 10C of the Income Tax Act, 58 of 1962 (ITA) came into effect on 1 March 2014.
Can you afford to retire at 65?
Globally, retirement ages have been increasing due to demographic changes and aging populations. In South Africa, however, retirement ages have decreased. This article looks at some of the implications of this, with advice on what you can do now to improve your likelihood of retiring comfortably.
Why Preserve?
South Africans on average change jobs about five to seven times during their working lives. When changing jobs, 80% of them take their retirement benefits in cash, and only 12% transfer to another retirement fund.
What to do with a pension fund when you leave your job
When you change jobs, you have an option of either a pension payout, a transfer to your new employer’s pension fund, a preservation fund or a retirement annuity (RA).
Tagged with: pension fund, preservation pension fund, preservation provident fund, provident fund, resignation, retirement, retirement annuity
Posted in News, Press Room
Posted in News, Press Room
