Four Tips for Navigating the ‘Two-Pot’ Pension Rules
South Africa changed its pension laws with effect from 1 September 2024. The new system is designed to give individuals the opportunity to access only a portion of their retirement funds before they retire, in the case of dire need, or even in case of desire. To an extent, this makes sense, given the low […]
Retirement planning – Distributing retirement fund death benefits
Allocating death benefits, and determining appropriate methods of payment Once the board of trustees has determined the beneficiaries and is satisfied that its proposed allocation is fair and equitable, the beneficiaries must elect how they would like to receive the death benefit. The final duty of the trustees is to determine the most appropriate manner […]