Retirement

You could contribute the full proceeds to your retirement annuity, or only contribute the maximum tax deduction and put the rest into another investment solution.

And what other options are there for me to reduce the extra tax I need to pay each year?

It may prove tax-efficient to implement a retirement income plan at 55 and to withdraw an income that is under the tax threshold.

Allowing you to set realistic savings targets, assess your progress, and make informed decisions about your investments.

One should aspire to accumulate sufficient wealth in both voluntary and compulsory funds.

If so, what are the tax implications?

Unfortunately, the tax rebate does not directly affect the tax calculation on the lump sum and may not result in receiving a refund.

The living annuity is the better option. Here's why …

Three advisors answer this reader's question.

Expects a high number of members to line up to make withdrawals on 1 March 2024.

There are advantages to each option, but the underlying investment portfolio is more important than how many retirement products you have.

Mareli Binedell of PSG Wealth discusses the unique challenges women face when it comes to retirement planning, and explores strategies to overcome these obstacles and maximise savings so that we achieve financial security in retirement.

Eight out of 10 consider working in golden years as they have insufficient nest-egg funds, FNB study finds.

It makes sense to keep contributing to your retirement funds so as to reduce your taxable income, but there are various factors to consider before taking out a new RA.