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Now that South Africa has suffered its first ratings downgrade in 17 years; how should you invest to keep your retirement safe?
The Money Show’s Bruce Whitfield interviewed Galileo Capital Personal Financial Advisor Warren Ingram for his weekly personal finance feature.
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.
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Article brought to us by Old Mutual.
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