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07 Feb 2011 13:13
If you’re thinking of investing in a retirement annuity (RA), consider the advantages according to Rowan Burger, head of investment strategy at Liberty Retail South Africa.
“To prevent people from relying on the government to provide for them in their old age, there are legal restrictions on withdrawing funds from RAs. But there are also tax advantages to offset the lack of access to funds,” says Burger.
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