Early retirement or retrenchment
Now, more than ever, it is very important to understand the tax consequences and investment options
Recognising that most choices at this time are irrevocable, objective and informed decisions are vitally important. Professional financial help is almost always needed.
Deferred retirement
Transfer to retirement annuity
Transfer to preservation fund
Pension fund
Provident fund
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Please note that the tax table has been updated as at 1 March 2023, you can view it here
Retrenchment tax consequences
The tax consequences on retrenchment, prior to minimum retirement age are favourable in that there are accelerated tax-free benefits which would otherwise be available at retirement. Consideration must also be taken of retrenchment packages and other negotiated settlement terms.
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comprehensive guide
Everything you need to know about early retirement benefit options and how we can help you
at this vitally important milestone in your life.
