“Many drops make a bucket, many buckets make a pond, many ponds make a lake, and many lakes make an ocean.” (Percy Ross) According to a recent survey by Just SA, only 11% of South Africans over the age of 50 feel “really confident” that their savings will last if they live to 100. For…
Read more
What is Regulation 28 The management of retirement funds is highly regulated – as it should be. After all, these are your life savings we’re talking about! The key piece of legislation governing how retirement funds can be invested is called Regulation 28 of the Pension Funds Act. It limits the amounts that can be…
Read more
1. What’s the difference between CGT and income tax? CGT is a component of your income tax. When you sell an investment, 40% of the profit is added to your income and taxed at your marginal tax rate. CGT can apply to shares, unit trusts, property, crypto currency and the sale of privately-owned businesses. 2.…
Read more
