Everand Logo

Welcome to Everand!

  • You South Africa

    5 things to know about the new retirement rules

    Apr 09, 2021 3 minutes
    BY LETITIA WATSON

    SEVERAL changes in retirement fund rules came into effect on 1 March. They’re aimed at ensuring you save enough for your retirement and create uniformity between the tax and annuity regimes for all types of retirement money.

    James Coutinho, Liberty senior manager of group corporate and client tax, explains the rules.

    KEY CHANGES

    There are three new rules. Firstly, there’s the so-called annuitising of provident and provident preservation funds (we’ll explain what this means shortly). Secondly, retirement fund members are given more

    You’re reading a preview, subscribe to read more.

    More from You South Africa

    You South Africa3 min read
    Sharp As Ever
    ‘AT A quarter to eleven on August 12, 2022, on a sunny Friday morning in upstate New York, I was attacked and almost killed by a young man with a knife just after I came out on stage at the amphitheatre in Chautauqua to talk about the importance of k
    You South Africa5 min read
    Leon’s Ordeal Is No Joke
    HE’S the guy who’s had South Africans in stitches over the decades, sending people up and ripping everyone off in a series of no-holds-barred movies. But the Leon Schuster of today isn’t finding anything to laugh about. He’s spending his days in bed,
    You South Africa3 min read
    Paying Your Builder
    Send suggestions for topics and requests for info to yourmoney@you.co.za. We may answer your questions in this column but won’t reply personally. MONEY can often become a very sore point between builders and their clients. But you can avoid this if y

    Related Books & Audiobooks