annuity income
If you are declared insolvent, Section 37B of the Pension Funds Act provides that the funds in your retirement annuity are protected from your creditors, although this does not mean that your RA funds enjoy complete protection from creditors.
When calculating your taxable income, it is essential to consider various income sources, including rental income, dividends from real estate investment trusts (REITs), and investment income.
When purchasing a life annuity, the insurer assumes full responsibility for paying the annuitant’s income. The annuitant has no control or visibility over how the capital is invested or what returns the insurer earns.
The 2023 10X Retirement Reality Report reveals that 71% of respondents are partially or strongly of the view that they will need to continue earning a living after their formal retirement date.
Gen Z are bravely challenging traditional beliefs that it is not possible to make money from following your true passion. While many of us have been raised to believe that there is something noble about setting aside one’s true passion
Depending on the property market at the time, a property can take anywhere from two to nine months to sell, and this can adversely impact your financial position if you need quick access to capital. Having all your capital tied
Delaying your planned retirement by even five years will affect your investment horizon, your draw-down timeline, and subsequently, the level of risk you are able to take in your investment strategy.
Living annuities can play an important estate planning role if correctly structured. Where the annuitant nominates beneficiaries, any residual value remaining in the event of their death will be paid to the beneficiaries and, in doing so, will bypass the
If an employee becomes permanently disabled, he/she will need to take ill-health retirement from the fund and leave the fund. In doing so, the proceeds of the disability benefit will be lumped together with the retirement benefits and may be
Avoid using your salary increase as a reason to live a more expensive lifestyle. While you may be tempted to buy a more expensive car or live a more lavish lifestyle, consider the lost opportunity costs of not investing the
