by O'Hagan Attorneys | Dec 1, 2023 | Retirement Planning
New beginnings After working for forty years, the time has come to make really important decisions about how you’ll manage your retirement funds to ensure that your golden years are all you’d hoped for. When you retire, you must transfer two-thirds of your retirement...
by O'Hagan Attorneys | Nov 1, 2023 | Retirement Planning
“Two main categories of people are needed in your circle; those who give you the necessary support to accomplish your dreams and those who become beneficiaries of what you achieve.” (Unattributed) Pension and provident funds and retirement annuities All retirement...
by O'Hagan Attorneys | Jul 28, 2023 | Retirement Planning
And now there are three If the draft bills are approved, from March 2024 members’ retirement funding will be split into three pots. Namely: The vested pot (amounts accumulated before 29 February 2024) The savings pot (the 1/3 of contributions that is accessible to...
by O'Hagan Attorneys | Jun 29, 2023 | Retirement Planning
“The greatest task for ANY person is to find meaning in life.” (Victor Frankl) Retirement. The word conjures schmaltzy images of silver-haired men in tailored suits, sipping coffee from small cups while gazing out of the window at an expensive view. Or an immaculately...
by O'Hagan Attorneys | Jan 31, 2023 | Retirement Planning
With the end of the tax year approaching, talk to a professional about whether you should top up your retirement annuities (RAs) this month! Remember that all contributions into an RA reduce your taxable income, and therefore the amount of tax you pay. You can...
by O'Hagan Attorneys | Aug 30, 2022 | Retirement Planning
“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...
