News & Opinions
We delve into the risks of accessing your retirement savings early under the new Two-Pot Retirement System. While the rules may allow it, withdrawing from your retirement fund can have serious, long-term consequences, not even mentioning the extra tax you will pay on withdrawals. Do not jeopardise your retirement just because you are now “allowed” to.
You would have heard in the media recently that the Two pot retirement system has been signed into legislation effective 1 September of this year.
We explain in simple terms what this means for you and what your choices are going forward. Our advice to clients around retirement funds has always been to discourage any form of pre-retirement withdrawal as this very negatively impacts the outcome in retirement. In this article we discuss the reasons why this legislation has come about, how it impacts you and that ultimately our advice (to NOT make pre retirement withdrawals unless all other avenues have been exhausted) remains the same.
The recent election results and formation of government have brought a sense of hope and renewal to our country. As the dust settles, many are optimistic about the potential economic outcomes. With hopefully, a newfound sense of stability and direction, businesses and investors are poised to thrive. In this article, we explore the possible economic implications of the new political landscape and what it could mean for your financial future.
Many investors want the comfort of knowing that the financial advisers who they work with have no conflicts of interest in how they invest their clients’ money. They want advice from an advisor who is not only a Certified Financial Planner but who acts independently and is free from bias. After much deliberation by the Financial Sector Conduct Authority, new legislation has been enacted that Veritas Wealth Partner Rick Briers-Danks believes gives consumers greater clarity on what it means to be an independent advisory practice.
The most popular topic on Reddit in 2021 started with a C but it wasn’t Covid. People mentioned Cryptocurrency 6.6 million times. One thing is sure, Blockchain technology is here to stay, and the cryptocurrencies it underpins will probably be brought into the financial mainstream at some point. So, should you buy cryptocurrencies as part of your investment and retirement portfolio? Veritas Wealth founder Barry O’Mahony takes another look at what’s going on out there and shares his view.
In his latest commentary, Political analyst JP Landman notes that President Cyril Ramaphosa ‘has literally doubled the annual number of SIU investigations’ since he took charge three and a half years ago. Several high-profile heads have already been claimed, and it...
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