Making sense of the proposed two-pot retirement system - TopFunds
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        Making sense of the proposed two-pot retirement system

  Allan Gray Unit Trust Management   Q1 of 2023 | 1 year ago

Under the current regime, if a member of an occupational pension or provident fund leaves their job, they are able to withdraw the full balance of their savings in the fund, subject to tax. Sometimes this money is desperately needed, especially when an employee is dismissed or retrenched and has no other source of income. However, even when changing jobs with no reduction in income, the vast majority of South Africans choose to cash out their pension or provident fund savings.


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Did You Know ?
In 1965, the first unit trust in SA , Sage Domestic Equity Fund ,was launched.
Mohamed Shaheen Ebrahim was instrumental in the establishemnt of asset maager Oasis Crescent Manco.
Ninety One Fund Managers derived their name from the year it was founded, 1991, initially called Investec Asset Management.
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©2012-2024 NGCSOFT

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        Making sense of the proposed two-pot retirement system

  Allan Gray Unit Trust Management   Q1 of 2023 | 1 year ago

Under the current regime, if a member of an occupational pension or provident fund leaves their job, they are able to withdraw the full balance of their savings in the fund, subject to tax. Sometimes this money is desperately needed, especially when an employee is dismissed or retrenched and has no other source of income. However, even when changing jobs with no reduction in income, the vast majority of South Africans choose to cash out their pension or provident fund savings.


More Unit Trusts News
5-Year Manco Review: Coronation

5-Year Manco Review: Allan Gray

5 year Manco Review Series Intro

Resurfacing of Retention Funds

Anchor Credo Update

Apex Group Acquires BCI and BIP

More Manco Views
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Now is not the time to turn your back on emerging market equities

THE IMPORTANCE OF GLOBAL ASSETS IN YOUR INVESTMENT PORTFOLIO.

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©2012-2024 NGCSOFT