Taxpayers who owe money to the revenue service must expect that these debts could be settled from the withdrawals, leading to a lower payout
Until now, the only way a person could dip into their retirement annuity fund was if they lost their job, got divorced or actually retired. However, from 1 September, investors will be able to draw up to R30 000 from their retirement savings, although they will incur taxes.
The Association for Savings and Investment South Africa held a briefing…
