There’s a lot of noise around Tax-Free Savings Accounts at the moment—most of it suggesting that maxing out your TFSA is the only key to long-term wealth. After looking at it more closely (and drawing on years of experience in both business and markets), I think that’s an oversimplification. Yes, the TFSA has clear advantages: […]
Is the TFSA really a “silver bullet” for investing? Read More »
With the introduction of South Africa’s two-pot retirement system, many individuals are asking whether they can access funds in a more flexible way — specifically, whether it is possible to borrow against the savings pot instead of withdrawing from it . ## No Direct Borrowing Facility Under the current framework, there is no mechanism that
# Can You Borrow Against the Savings Pot Under South Africa’s Two-Pot System? Read More »
South Africa’s two-pot retirement system has introduced greater flexibility for members who need access to funds before retirement. While this can provide short-term financial relief, it’s important to understand the tax implications of withdrawing from the savings pot early. #### How Are Early Withdrawals Taxed? Any withdrawal from the savings pot before retirement is treated