Here's another look at what the reader above can do with his R4 million:
It's important to remember financial planning is nuanced. Restricting yourself to a pension fund or an endowment with discretionary money, which has endless investment options apart from the two choices offered, would not be prudent.
Let me answer the question: When deciding whether to contribute an additional R4 million to your existing pension fund or initiate a new endowment policy, it's crucial to consider the tax implications, investment restrictions, and financial objectives.
1. Contributions to pension funds Pension fund contributions are tax-deductible up to the lesser of 27.5% of the greater of your remuneration or taxable income or an annual limit of R350 000.
هذه القصة مأخوذة من طبعة December 06, 2024 من The Citizen.
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 December 06, 2024 من The Citizen.
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
City can regain focus in Italy
There's a spicy brew on the boil for TAB soccer customers with UEFA and CAF Champions League games, plus a raft of big-gun league matches included in TAB soccer pools - and TAB is pumping in over R700,000 into five bets in added-cash bonuses and a carryover.
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