Retirement Annuities (RA's) In South Africa - The Ultimate Guide | Money Marx

[@theoturner1137]

Thank you for investing the effort to make these videos. Whether at 100 subscribers or 10 000 the quality of your videos is great and that is what really matters.

[@MoneyMarx]

Thanks Theo. I really do appreciate it! Anyone can take control of their finances, it just takes some time and digging to develop a good strategy. So while I am trying to improve my own financial health, I might as well share what I've learned so that others can benefit from it as well. :)

[@Motswako_Wa_Africa]

what about Sanlum.?

[@WakingLife24]

Great content especially as it relates to the South African market. Thanks a million.

[@khulekanidladla]

I see this channel at 100K subscribers by 2022. You a very good teacher and know how to explain very complicated concepts and make them understandable. You will do great things in this personal finance space. Hopefully we work together soon

[@MoneyMarx]

Thank you so much Khulekani for your kind words, I really do appreciate the compliments and encouragement! :) I would be really grateful if I can reach 100k subs, as that will mean that more and more South Africans will be able to improve their financial futures, thereby growing our countires economy together. :)

[@khulekanidladla]

@@MoneyMarx And the market is wide open (atleast those that are not planning on leaving). The world is yours king

[@pjh4718]

Excellent content tx Pieter, cannot believe you don’t have 100X the current subscribers. Keep going man.

[@MoneyMarx]

Thanks PJH, I really do appreciate the support! :)

[@mamoeanakubuzie8402]

Absolutely insightful! Sharing this link with my mates!! Thank you

[@MoneyMarx]

Thanks for sharing Mamoeana! I really appreciate it. :)

[@bongiwemaqolo9194]

Brilliant 🎉 juuust brilliant ❤❤❤❤ keep us the good work

[@moniquevanzitters3413]

What an insightful, easy to understand video. Thank you!

[@MoneyMarx]

Glad it was helpful Monique! Thanks for watching :)

[@nicolabrescia43]

Clear, insightful, useful, easy to follow and well presented. Well done and thank u. Important space to be contributing in our country, with such high rates of people struggling at retirement age.

[@MoneyMarx]

Thank you Nicola! I am glad it was useful. :) Jip, and the sooner you start, the easier it is to reach a comfortable retirement. :)

[@andagxolo3401]

Thank you for this. It was very informative!!!!

[@MoneyMarx]

You are so welcome Anda! Thanks for watching. :)

[@margaretmeaker2830]

Great job explaining.

[@tilk8301]

Your videos are amazing, do you perhaps have a video on Tax Free savings VS. an R. A. THANKS

[@MoneyMarx]

Hey Tiloshni. Thanks :) Yes I have one where I compare an RA with a TFSA. You can just check on my channel

[@tilk8301]

@@MoneyMarx thanks I am addicted to your channel now!! Keep the financial content coming 👌💯

[@Lisaaa_1992]

Very well explained

[@MoneyMarx]

Thank you Monalisa! :)

[@ashishg4824]

Thanks for the video.very informative.

[@sherwinabrahams2539]

Keep up the videos!

[@iainalexander5461]

Great video. Hugely helpful. Thank you

[@MoneyMarx]

You're welcome Iain! Thanks for watching. :)

[@MegaKeNzO87]

Awesome content. Smooth and easy

[@MoneyMarx]

Thanks Kenny, I really appreciate it :)

[@iamgavcarter]

Hi Pieter, I'm about to set up a passive RA fund and I have a question re lump sums: It is better to break a lump some into smaller contributions to cost average it? Or is that not necessary in the context of an RA?

[@shaungreen7879]

Thanx for great videos. I was retrenched in 2019 I only turned 55 in 2023. Im getting R11275.00 an month. But SARs is taking R600 tax of that. Is that correct . Cant i ask them to not tax that amount. How dos it work Thanx shaun

[@alexboshoff8219]

Thanks for the video Pieter! Just to ensure I understand correctly: what is the tax-free limit of the amount I can withdraw fully from the RA *before* retirement? I know it is R500k at retirement/death but how much before retirement? Is that where the R247 500 rules applies? Or is it only R70 000 as I read somewhere?

[@nomakingz]

I enjoy your content, thank u for contributing in our growth 🙏♥️

[@MoneyMarx]

Thanks Noma. I really appreciate it :)

[@janetmcdonough9998]

thank you

[@sagiemunthree663]

Can a person who is above 55 ,take a loan on his one third funds that is available to him, instead of taking out his portion,

[@nompiloangelmakamo5414]

Thank you 🙌

[@MoneyMarx]

You're welcome Nompilo! :)

[@phutiligney2091]

You are the best

[@MoneyMarx]

Thanks Phuti! :)

[@hayden7419]

What happens if I lose my job and can't pay the RA monthly fee, will it just halt until I get a new job and continue paying or will I forfeit all my investment?

[@MoneyMarx]

Hey Hayden. Usually what will happen is you will need to transfer your Pension fund to a Preservation fund where the investment will continue to grown, but you won't be able to add any new funds to it. If you get a new job, you will probably get a new Pension fund at the new job.

[@a.dlamini]

Hahaha I definitely need protection from myself so an RA is a good fit for me 😅

[@KC-kr8qe]

Does the 25% or 350 k annual contribution limit include TFSA or is that contribution separate?

[@MoneyMarx]

Hey. No a TFSA is seperate from a RA, but both have their own contribution limits. A TFSA has an annual limit of R 36 000 and a lifetime limit of R 500 000, whereas a RA has an annual limit of R350 000 or 27.5% of your gross income, whichever is smallest, but no lifetime limit. But jah they are seperate accounts, so if you have enough money you could max out your TFSA at R36k and your RA at R350k every year 😀

[@KC-kr8qe]

Thank you so much. Please can you do a video on the best Life annuity and Guaranteed annuity schemes?

[@rudivn1]

Really a terrible product if you aren't allowed access to your own hard earned money

[@sibongisenimaheshana7204]

Thank you

[@MoneyMarx]

Only a pleasure Sibongiseni :)

[@rapartistry3771]

Thank you 😊

[@MoneyMarx]

You're welcome 😊