Since coming into effect on 1 September, the ‘two-pot’ retirement system has seen a total gross lump sum of R21.4 billion paid out to taxpayers, thus far according to SARS. However, any savings withdrawn from retirement savings must be declared to the SARS as gross income and taxed accordingly – highlighting the importance of understanding the tax implications before deciding to withdraw from your retirement annuity, or your pension or provident fund.

As the dust settles on the implementation of new retirement legislation, Linda Kleynscheldt, Head of Actuarial and Product, PSG Wealth unpacks why having a quality financial adviser will help retirement savers make the most of what is a complex set of new rules.

During Mental Health Awareness Month, Ross McMillan from Momentum Financial Planning emphasises that taking proactive steps to enhance our financial security is a crucial first step toward improving mental well-being and regaining a sense of control.

Considering World Mental Health Day on 10 October, Joel Andrews, Regional Investment Manager at Business Partners International shares six key strategies that South African entrepreneurs can use to safeguard their well-being while managing their businesses

Stress, anxiety, and depression are taking a heavy toll on South Africans. According to Liberty’s 2023 claim statistics, mental health challenges are emerging as a health risk and in light of this, the insurer is encouraging South Africans to prioritise their mental wellbeing and to seek the necessary help when faced with life changing events.

Mashudu Lavhengwa, Junior Economist at Metropolitan, shares insights on the recent 25-basis-point interest rate cut by the South African Reserve Bank, which brings the repo rate to 8%. While the cut may seem small, it can have a noticeable impact, particularly for those with significant debt.