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    5 things to know about the new retirement rules

    Apr 09, 2021 3 minutes
    BY LETITIA WATSON

    SEVERAL changes in retirement fund rules came into effect on 1 March. They’re aimed at ensuring you save enough for your retirement and create uniformity between the tax and annuity regimes for all types of retirement money.

    James Coutinho, Liberty senior manager of group corporate and client tax, explains the rules.

    KEY CHANGES

    There are three new rules. Firstly, there’s the so-called annuitising of provident and provident preservation funds (we’ll explain what this means shortly). Secondly, retirement fund members are given more

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