How does the new tax legislation affect my South African provident fund?
So you’ve probably heard there have been some changes this year to South African tax law that affect the way expats can access their retirement savings, effectively placing a three-year waiting period on withdrawing these funds once it is shown that the individual has...
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...
Hot Question: Can You Transfer From a Retirement Annuity to a Preservation Fund?
If you’re wondering whether it’s possible for you to transfer funds from a retirement annuity (RA) to a preservation fund, you’ll be pleased to know that we’ve got the answers you’re looking for right here. Let’s take a look at what these retirement savings vehicles...