Retirement investments have a role to play, both in funding for one’s retirement and in achieving one’s estate planning goals. As such, understanding what happens to the proceeds of your retirement funds in the event of death is an estate planning imperative. In this article, we take a closer look at how the proceeds from your various retirement investments will be distributed in the event of your passing.
ADVERTISEMENT CONTINUE READING BELOW (i) Pre-retirement Pre-retirement investment vehicles governed by the Pension Funds Act include pension, provident, preservation and retirement annuity funds and are unique in that the distribution of death benefits held in these vehicles is strictly regulated by Section 37C of the act. Because of the massive tax incentives provided to taxpayers when investing through approved retirement funds, the aim of this piece of legislation is to ensure that the fund member’s financial dependants are recipients of these proceeds, thereby reducing the burden on the stat
Retirement Investments Estate Planning Death Benefits Pension Funds Tax Incentives
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Understanding Estate Duty Implications for Life Insurance PoliciesLife insurance policies can have estate duty implications. This article explains how estate duty works in the context of life assurance.
Source: Moneyweb - 🏆 5. / 77 Read more »
Ethiopian Football Federation's International Liaison Aims for World Cup QualificationYohanes Zewdu, professionally known as 'Johnny Vegas', is working as the international liaison and strategic advisor for the Ethiopian Football Federation. He aims to promote Ethiopian football and attract investments to develop the sport in the country. Zewdu believes that Ethiopia has a chance to qualify for the 2026 World Cup.
Source: BBCAfrica - 🏆 23. / 61 Read more »
Global Financial Planning Standards and the Importance of Client InterestsThe ongoing professionalisation of the financial services industry is a welcome development for clients, and the Global Financial Planning Standards lay down an important marker in terms of financial planning best practice. The standards emphasize the importance of financial planners aligning their advice with the long-term interests of their clients and displaying emotional intelligence. However, retirement planning and investing are not explicitly covered in the standards.
Source: Moneyweb - 🏆 5. / 77 Read more »
Understanding Estate Duty Implications for Life Insurance PoliciesLife insurance policies can have estate duty implications. This article explains how estate duty works in the context of life assurance.
Source: Moneyweb - 🏆 5. / 77 Read more »
Global Financial Planning Standards and the Importance of Client InterestsThe ongoing professionalisation of the financial services industry is a welcome development for clients, and the Global Financial Planning Standards lay down an important marker in terms of financial planning best practice. The standards emphasize the importance of financial planners aligning their advice with the long-term interests of their clients and displaying emotional intelligence. However, retirement planning and investing are not explicitly covered in the standards.
Source: Moneyweb - 🏆 5. / 77 Read more »