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Tax Smart: Rethinking Provident Fund Withdrawals
Honest Money
English - May 18, 2024 02:00 - 8 minutes - 5.71 MB - ★★★★★ - 7 ratingsInvesting Business Management investing finance money business personal finance wealth Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Election Promises vs. Retirement Realities: What to Know
In this episode Warren Ingram delves into the retirement fund reform, which introduces a two-pot system to lower the tax burden when cashing in provident funds upon resignation. It segregates funds into a compulsory portion, locked until retirement, and a savings pot accessible during emergencies. While the reform doesn't alter the investment strategy, it modifies fund accessibility.
Takeaways
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