The lowdown on South African living annuities in 2022
What happens when you reach the official legislative retirement age of 55? If you’re ready to stop working and you’ve saved enough in a retirement annuity, pension, or provident fund, it’s time to formally retire from your fund. In order to provide an income for the...
Early access to your South African pension fund – yes or no?
Whether it’s for retirement or unexpected emergencies, saving isn’t easy. Often, South Africans prioritise one saving goal at the expense of the other. But what if there was a way for people to do both? Proposed legislative amendments would like to make this a...
Pension, provident, and preservation funds: What’s the difference?
It’s easy to get confused, because they all sound so similar. Pension funds. Provident funds. Preservation funds. What’s the difference? While these are all South African retirement funds/savings vehicles designed to protect your retirement money, there are some key...