Everything you need to know about the new retirement fund regulations, and what they mean for you
Do you freeze up when you hear the words ‘financial planning’? You’re not alone. The threat of scams, volatile investment markets and bewildering jargon leave many frozen into inaction, terrified of making the wrong decision. The result? Too many South Africans don’t retire with enough money to actually have ‘golden years’.
To address the issue, the National Treasury has announced new regulations aimed at improving your chances of retiring comfortably, with a focus on removing some of the complexity from the decision-making process. The new regulations, which must be implemented by March 2019, will see default investment arrangements put in place, encouraging fund trustees to provide simple choices for retirement planning. The defaults won’t be forced on you, but they’re there for your benefit. The reform also means that your fund will have to ensure you receive counselling regarding investment portfolios, the preservation of your benefits if you exit the fund, and pensions available to you when you retire.
DEFAULT INVESTMENT PORTFOLIOS
هذه القصة مأخوذة من طبعة March 2018 من GQ South Africa.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة March 2018 من GQ South Africa.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
I am Legend
For 40 years, Toyota has produced an iconic 4x4. In 2024 it's received a subtle, rejuvenating facelift - and more. The Land Cruiser 76 is made for Africa.
Alternative Investments
We take a look at how alternative investments offer a diverse range of opportunities beyond the traditional, with a particular focus on venture capital
THE HEART OF A CHAMPION
AYABONGA KHAKA IS A RIGHT-ARM medium bowler for South Africa's national cricket team, and earned a national contract with Cricket South Africa in 2018.
THE DEFENDER OF HOUSE
From his debut album Golden Power to the recent hit \"Yes God\", Oscar Mbo is still the king of deep house music. Apart from consistently energising groovists with his beats, he also stands out as the country's most stylish DJ - and a savvy businessman
GOLDEN BOY
With top-charting hits such as \"Adiwele\", \"Sete\" and \"Imithandazo\", Young Stunna is the face of amapiano, and a rising icon. In a remarkably short time, he's carved out his path in the music industry and stands poised to conquer the world
Fierce, Fearless and Flourishing
THESE FIVE REMARKABLE WOMEN LEADING WITH COURAGE, DETERMINATION, AND LIMITLESS AMBITION ARE REDEFINING SUCCESS IN THEIR OWN TERMS
DAMIAN WILLEMSE HUMBLE STAR OF SA RUGBY
He's renowned for his skill and versatility - but the legacy of Damian Willemse is built on inspiring others, both on and off the field
The Visionary Curator: Jana Terblanche's Journey in the Art World
Poetic and political this ambitious yet principled art curator challenges the traditional and champions African voices
Non-invasive Cosmetic Treatments Guide
From advanced laser therapies to cutting-edge injectables, these innovative procedures offer effective solutions for smoothing wrinkles, enhancing skin tone, and contouring the body
Lelowhatsgood The Maverick DJ Disrupting Africa's Cultural Landscape
“Demon’s Kiss” put him on the map but there’s more to this Renaissance man than just hit singles.