Temporary changes to the drawdown rate on living annuities

As part of its wide-ranging tax relief measures, the government has offered pensioners the ability to change their drawdown rate for four months between 1 May and 31 August.

For this period you can draw down as little as 0,5% and as much as 20% (annualised) from your living annuity. In this podcast, Wouter Fourie of Ascor Independent Wealth Managers chats with Ryk van Niekerk of RSG Geldsake about the implications and alternatives to this rule.

Click here to listen to the podcast

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https://ascor.co.za/living-annuities-and-guaranteed-annuities-which-one-is-best/

https://ascor.co.za/average-living-annuity-drawdown-7-8/