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March 2021 a Watershed for Retirement Funds in South Africa: 5 Things You Need to Know

1 March 2021 marks a watershed for retirement funds in South Africa, says Jean du Toit, attorney and head of tax technical at Tax Consulting South Africa. Most are focused on the annuitisation rules that have been pending since 1 March 2015,…

The 10 Most Popular Estates in South Africa to Retire To

New data from analytics group Lightstone shows which estates in South Africa are drawing the most retirees. According to Lightstone, which has been tracking the retirement property industry for the last 20 years, the sector has evolved from…

Warning Over Government’s Plans to Change South Africa’s Emigration Finance Rules

A number of tax and financial groups have issued warnings over a new draft bill which will introduce changes for South Africans looking to take their retirement funds out of the country. Under the current system, members of preservation funds…

Financial Emigration: Changes to the Withdrawal of Retirement Funds in South Africa

This information was provided to us courtesy of JJ Accounting Services Mauritius. The draft Taxation Laws Amendment Bill (“TLAB”) was published on 31 July 2020. As announced in the Budget Speech, any South African leaving in future will…

New Kenyan Retirement Benefit Regulations

This information is courtesy of Iseme, Kamau & Maema Advocates (IKM). The Government of Kenya, through the Cabinet Secretary for the National Treasury and Planning, published Legal Notice Number 88 of 2019 dated 13th June, 2019 which…