Look beyond regulation 28 tax breaks
These retirement funds need to be critically re-examined, and not just because of the fees they charge
25 April 2024 - 08:00
Financial institutions in South Africa traditionally promote regulation 28 retirement funds, particularly retirement annuities, ahead of the tax year-end.
Their focus is heavily on tax benefits, often highlighting potential tax savings on monthly salaries, the immediate tax advantages of lump sum contributions and the supposed ability of skilled fund managers to achieve market-beating returns. ..
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