Retire: Pre-retirement withdrawals

Carina JoosteLatest, Retire

You may have an opportunity to withdraw from your provident or pension fund due to changes in employment during the COVID-crisis. Access to funds might cover some of your short-term expenses, but the long-term impact on your net worth could be severe. In this article we’ll share some factors to consider when making this decision.  ...
The Fat Wallet Show with Kristia van Heerden

Podcast: Pension fund withdrawals

Kristia van HeerdenLatest, The Fat Wallet

Under normal circumstances we would strongly caution against withdrawing from your pension fund. The reason is quite simple: the tax will make your eyes water. One decision can slash your hard-earned net worth by hundreds of thousands of rands. That’s not even factoring for opportunity cost. However, since we’re currently living through the apocalypse, we ...
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ETF: Understanding the 1nvest SWIX 40

Kristia van HeerdenETF Blog, Latest

The 1nvest SWIX 40 ETF is a top 40 product with a difference. Like many other local products, this ETF invests in the 40 biggest companies listed on the JSE. Unlike other top 40 ETFs, however, this ETF doesn’t just invest more in bigger companies. In fact, weighting an index by local shareholders was the ...
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ETF: Concentration risk in ETFs

Kristia van HeerdenETF Blog, Latest

In an ETF weighted by market capitalisation, your exposure to companies with rising value will increase as share prices rise, and decrease as share price falls. The risk is that over time your overall portfolio could inadvertently become over-exposed to a single sector or even share.

Wealthy Maths: Drop a tax bracket

Kristia van HeerdenLatest, Wealthy Maths

In this post we are going to help you work out by how much your tax liability would reduce if you contributed higher or lower amounts to your Regulation 28-compliant retirement savings product.