Now that South Africa has suffered its first ratings downgrade in 17 years; how should you invest to keep your retirement safe?
Ingram gave a number of useful tips:
Living annuities can invest up to 100% overseas if you wish – balance between income vs. risk management.
Retirement Annuities, provident funds and pension funds may only have 25% of investments offshore.
Tax breaks remain useful.
Growth inside retirement funds are tax free.
- There are great estate planning benefits to retirement funds (e.g. no estate duty, no executor’s fees, etc.)
For more detail; listen to the interview in the audio below.
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby NEWSROOM AI
Times are tough. Don’t spare her feelings! You must ask these questions of your advisor, implores Galileo Capital's Warren Ingram.
Bruce Whitfield asks Galileo Capital Financial Advisor Warren Ingram about the cost of educating a child overseas.
The economy is toast. Galileo Capital Personal Financial Advisor Warren Ingram has five tips to help you sleep well anyway.
The Money Show’s Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram.
Returns of 500% are not unheard of. Is this another crypto-like bubble? Not in the least, says Financial Advisor Warren Ingram.
Life is really hard for young adults, but they’re more than coping. Old Mutual research suggests older adults can learn from them.
Director at advocacy group Locked Up SA, Patricia Gerber describes the extent of drug trafficking from South Africa.
A News24 investigation has exposed how some of South Africa's biggest companies have been advertising on fake news websites.
Premier Helen Zille describes Yach as one of the most generous, warm, open-hearted and community-driven people she's ever known.
Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone Viral'.
Anton Fourie says he used his phone to record the interaction to create awareness of what is going on in the community.
Cheryl Zondi is testifying against Pastor Timothy Omotoso who is accused of rape and human trafficking in his Durban church.