Pre-retirement withdrawal from retirement funds

Pre-retirement withdrawal from retirement funds

Who qualifies for such a withdrawal?
• A member of a retirement annuity fund, pension preservation fund or provident preservation fund who has discontinued his/her contributions before his/her retirement date and where he/she has formally emigrated from South Africa, with such emigration having been recognised by the South African Reserve Bank for the purposes of exchange control;

PROPOSED AMALGAMATION – 1 AUGUST 2019

PROPOSED AMALGAMATION – 1 AUGUST 2019

Further to our last communication regarding the proposed amalgamation between Topmed and Fedhealth, I am pleased to advise that the intention is to amalgamate with effect 1 August 2019, subject to the relevant authorities’ approval.

Expat tax is coming

Expat tax is coming

An amendment to the SA Income Tax Act becomes effective in March 2020, and has hard-hitting consequences for South Africans working outside SA. It requires that SA tax residents spending more than 183 days abroad (of which 60 days are consecutive) pay SA tax of up to 45% of their foreign employment income once it exceeds R1m per annum.

BUSINESS SOLUTIONS

BUSINESS SOLUTIONS

Questions to consider when running your own business.

Entity
Suretyship Protection/ Contingent Liability
•Are you standing surety for loan/debt affected by the business?
•Are you aware of the impact if the loan/debt cannot be repaid?

Loan Account Protection
•Do you have a loan account?
Is the business able to repay the loan account on your death or disability?

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