Be smart with tax as end of tax year looms

Not sure if you should invest in a retirement annuity , tax-free savings account or discretionary investment for retirement?

Regulation 28 of the Pension Funds Act prescribes and limits pension monies to 75% equity exposure, listed property to 25% and offshore exposure to 30%. This composition is generally reflected in balanced unit trust funds and has been a popular choice for pension monies where the asset manager ensures compliance with Regulation 28. Most of these funds hold around 40% in South African equities. The returns from the JSE have, however, been extremely poor by global comparison in the long term.

If you are an older investor who can retire from a RA within a year, a RA will be more beneficial but only if the capital is transferred to a living annuity thereafter in order to obtain similar levels of growth compared to a discretionary investment.

danine_van BrenthurstSA I'm happy to join those who are sharing the good news about Vina_Redmon . I'm not persuading anyone to trade with her but i advise every investor to make the right choice with Vina_Redmon i got my withdrawal safely without any interruption.

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