So, with the new dividend tax coming into effect, things like retirement annuities and pension funds are not taxed with this 15% and thus your total dividend is reinvested, unlike with normal private investing (like satrix EFTs) where the dividends will be taxed and thus only part after tax reinvested (if you choose to reinvest).
So I was wondering, what are the pitfalls with retirement annuities like the Allan Gray one? I know that you can only get the money when 55 and only then a certain part of it, that regulation 28 limits you to 75% in equities (which sucks). Is there anything else?
I see unlike with the old style retirement annuities the fees are quite reasonable and you can stop and start contributions at will without penalties and switch between the underlying funds and do others things without attracting fees.
Are there other funds similar to the Allan Gray Retirement Annuity and how would they be better?
Opinions would be appreciated.
Note: I'll be keeping my Satrix Divi and Rafi and me and employer do contribute to pension fund, the RA would be additional.