Retirement annuity question

[Snyper564]

So quick question. I'm looking at shifting some of my wife's RA at the moment it's one of those risk automated ones low fees etc.

Question is I would like to move some of this over max 45% due to reg 28 to etf in s&p/nasdaq likely 50/50 split still under the RA blanket.

In theory should this be possible. Reach out to RA administrator say sell off 45% of current holdings and shift to these etfs? Then going forward keep this split.

100 comes in each month and split that between automated portion and then s&p/nasdaq etf?

 

[supersunbird]

So quick question. I'm looking at shifting some of my wife's RA at the moment it's one of those risk automated ones low fees etc.

Question is I would like to move some of this over max 45% due to reg 28 to etf in s&p/nasdaq likely 50/50 split still under the RA blanket.

In theory should this be possible. Reach out to RA administrator say sell off 45% of current holdings and shift to these etfs? Then going forward keep this split.

100 comes in each month and split that between automated portion and then s&p/nasdaq etf?

Well, as long as the provider/platform has that functionality and the automated portion is 100% local.

 

[zerocool2009]

So quick question. I'm looking at shifting some of my wife's RA at the moment it's one of those risk automated ones low fees etc.

Question is I would like to move some of this over max 45% due to reg 28 to etf in s&p/nasdaq likely 50/50 split still under the RA blanket.

In theory should this be possible. Reach out to RA administrator say sell off 45% of current holdings and shift to these etfs? Then going forward keep this split.

100 comes in each month and split that between automated portion and then s&p/nasdaq etf?

If you dont have time on hand, you need to rebalance monthly. As in if the 45% gets now 45.5%

Secondly, most balanced funds are optimized. (What I seen so far)

 

[Snyper564]

Thanks guys just wanted to make sure this was possible will check with service provide this week.

 

[zerocool2009]

Thanks guys just wanted to make sure this was possible will check with service provide this week.

Another question from me. Beside EE and Sygnia, (the providers who accepts RA’s being moved and new topups)… who are you considering as a “new” provider? So ask the question, can it be moved and topup’d

 

[DS_]

If you want to go offshore as much as possible but still be within RA requirements... There is an interesting option, just found myself:

Prescient Online

www.prescientonline.co.za

Check High Street High Equity Prescient Fund
Fee 0.95%

They are getting around 90% offshore exposure.

Your money - your risk.

 

[Snyper564]

Another question from me. Beside EE and Sygnia, (the providers who accepts RA’s being moved and new topups)… who are you considering as a “new” provider? So ask the question, can it be moved and topup’d

The RA was originally with absa before they moved to glacier.

I'm just seeing if this can all be done via glacier don't want to move it unless I have to. Otherwise I'll just have two RA providers.

My work was Alex Forbes also now over to glacier

 

[supersunbird]

The RA was originally with absa before they moved to glacier.

I'm just seeing if this can all be done via glacier don't want to move it unless I have to. Otherwise I'll just have two RA providers.

My work was Alex Forbes also now over to glacier

The reg 28 would be per RA, so I do not see how two providers would be of benefit unless starting second one from scratch with the new method.

 

[zerocool2009]

The RA was originally with absa before they moved to glacier.

I'm just seeing if this can all be done via glacier don't want to move it unless I have to. Otherwise I'll just have two RA providers.

My work was Alex Forbes also now over to glacier

My honest view, you can have 3 RA’s. Every product provider is unique in their own way.

I personally have 3. Stanlib, Allan Gray and Sygnia

And as SSB saying, its per RA (the 45%)

 

[Pegging]

The reg 28 would be per RA, so I do not see how two providers would be of benefit unless starting second one from scratch with the new method.

You can try 3
Cash out the 1/3 0f each at age 55, 65 and 75.

 

[zerocool2009]

You can try 3
Cash out the 1/3 0f each at age 55, 65 and 75.

The 1/3 cash rule is for all combined. (Thats how I see it)

 

[supersunbird]

You can try 3
Cash out the 1/3 0f each at age 55, 65 and 75.

You can have as many RAs as you want, it sounded like he possibly wanted one RA that is more local and one with more than overseas 45% allocation, so I was commenting based on that.

 

[Snyper564]

You can have as many RAs as you want, it sounded like he possibly wanted one RA that is more local and one with more than overseas 45% allocation, so I was commenting based on that.

Not sure what I want to do just yet but dont mind have more service providers.

 

[STORMERSFAN]

So how does this situation work .let's say you have u have one RA and one pension fund..can you withdraw 1/3 from both of which the total amount withdrawn is tax free up to 500k upon retiring at 60?

 

[zerocool2009]

So how does this situation work .let's say you have u have one RA and one pension fund..can you withdraw 1/3 from both of which the total amount withdrawn is tax free up to 500k upon retiring at 60?

You can withdraw R500 000 in total (from all) after 55.

I think the 1/3 is super misleading. My honest 2c

Edited: I read up quickly. The 1/3 rule reads: you can take max 1/3 of all RA’s in total when you want after 55. The first R500k is tax free

 

[Speedster]

If you want to go offshore as much as possible but still be within RA requirements... There is an interesting option, just found myself:

Prescient Online

www.prescientonline.co.za

Check High Street High Equity Prescient Fund
Fee 0.95%

They are getting around 90% offshore exposure.

Your money - your risk.

Is this reg28 compliant?

 

[STORMERSFAN]

You can withdraw R500 000 in total (from all) after 55.

I think the 1/3 is super misleading. My honest 2c

Another question..so let's say for argument sake..the RA is worth 500k and the the pension is 600k..can I take the full 500k on the Ra and then close it and take a living annuity on the pension(not take out any funds

 

[zerocool2009]

Another question..so let's say for argument sake..the RA is worth 500k and the the pension is 600k..can I take the full 500k on the Ra and then close it and take a living annuity on the pension(not take out any funds

Yes you can

 

[Snyper564]

In short goal is to get as much of my excess funds into these two ETFs.

Using TFSA/RA wrappers then normal ETF route

The combination of protection against rand deflation and growth prospects is mighty appealing

 

[DS_]

Is this reg28 compliant?

Yes
Have a look at the attachment.