Who Gets to Tax Your Retirement Benefits?
Navigating double taxation agreements in retirement planning. Cross-border retirement planning raises difficult tax questions. This article unpacks how double taxation agreements (DTAs) shape the taxation of lump sums and annuities, and the steps advisors can take to help preserve clients’ retirement benefits. For South Africans who have built their careers locally but now live abroad, […]
Understanding the Two-Pot Retirement System: Questions and Answers
As of 1 September 2024, significant changes have been introduced to the retirement landscape in South Africa with the implementation of the two-pot retirement system. This system allows members of pension funds, provident funds, and related schemes to access a portion of their savings while still working. With this shift, it is essential to understand […]