Yeah, got it. Thanks for the advice. Understand now from the response, that I'm going to taxed at my marginal tax rate for any amount withdrawn. But for those who are desperate and really in need (retrenched/battling with cancer/health issues / disability etc etc), should be assessed on a case...
Thanks for these illustrative figures. Got it now! Yes, the tax is certainly not worth it. Will keep things as they are. I wish we had better choice at retirement investment options where you could choose our own basket of Reg28 compliant funds instead of being forced into your companies...
Or do you have to show that you need the funds for an "emergency" situation?
For me, tied down with regulation 28 is in off itself an "emergency" in my long term retirement planning.
So, with the two pot retirement savings system coming into effect soon, can you widraw the max tax free portion each year and reinvest that in your tax free savings investment and increase your offshore exposure? So at least a portion of your retirement savings per tax year, is managed by...
Apologies for the typo in the question title. Typing this question on my phone qwerty keyboard is tedious. Was meant to say "transferred"...no option to edit it.
Looking to known if anyone has transfered their pension preservation fund to Sygnia in recent years.
What has your experience been like in terms of fees and investment growth.
And did you make use of their Reg28 calculator to select your basket of funds?