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Olwethu Hoko
Ithemba Alibulali – Hold On To Hope
A direct translation of the isiXhosa and isiZulu expression is ‘Hope does not kill’. This is advice to hold on to, carry with you and embrace. It is holding on to better days ahead and that it will all be well with perseverance and persistence. It is in the understanding of that with all the […]
What Can I Do With My Company Pension Fund Money If I Resign?
This one’s easy, right…? Cash it in, pay the tax, and settle your debt. Well, it’s one of your four choices, but truth be told, it’s easily the worst of the bunch. Here are your options from bad to best. Option One – Cash in your pension There’s a lot of things you could do […]
So How Do You Get Money Back By Investing In a Retirement Annuity?
Contributions made by you or your employee to the following retirement funds may be deductible for tax purposes, subject to certain limits: A pension fund, Provident fund, or a Retirement Annuity Here’s how it works: You’re allowed to contribute 27.5% of your taxable income towards a Retirement Annuity to get a reduction in the amount […]