With a few weeks to go before the end of the tax year, now is the time to maximise your tax-deductible contributions towards a retirement annuity. If youre new to the world of retirement fund investing and want to know more about retirement annuities, read on.
What is a retirement annuity?
Retirement annuities are specialised investment vehicles designed for individual investors who want to save for retirement in a tax-efficient manner. They are governed by the Pension Funds Act (PFA) and are available as investment vehicles for any taxpayer wishing to fund for retirement or supplement their occupational retirement funds, such as a pension or provident fund.
How do retirement annuities work?
New-generation retirement annuities are house…
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