Tax Saving Strategies at Retirement 4 of 6 - Determining the Precise Tax-Free Portion. скачать в хорошем качестве

Tax Saving Strategies at Retirement 4 of 6 - Determining the Precise Tax-Free Portion.

Determining your Precise Tax-Fee Portion at Retirement (It’s not always R550,000) If you are approaching or at retirement, you possibly may be aware of the R550,000 tax-free portion that you are entitled to withdraw from your Retirement Fund. The default approach when retiring is, in most instances, to withdraw R550,000 from your Retirement Fund as that is the tax-free portion as per the Retirement Fund Tax Tables. However, what many people are not aware of is that the tax-free portion at retirement may be higher or lower than R550,000. As a result, this leads to additional tax liabilities or inefficient tax planning. In this video, I share some of the common events that impact your tax-free portion at retirement and then I provide the solution to ensure that you do not make any misinformed or costly decisions at retirement. The information shared here is for general informational purposes only and does not constitute financial, legal, tax, or investment advice. The views expressed are those of the author and do not necessarily reflect the opinions or positions of Gradidge-Mahura Investments. Although we strive to provide accurate and up-to-date information, this content may not be suitable for your individual circumstances. Before making any financial decisions, please consult a licensed Financial Planner registered with the Financial Sector Conduct Authority (FSCA) who can provide tailored advice based on your unique needs. All investments carry risk, including the potential for loss of capital and past performance is not a guarantee of future results. Any reference to specific products or services is not an endorsement or recommendation. Gradidge-Mahura Investments is an authorized financial services provider (FSP No. 36327).