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@saidagha Once it drops below the threshold (I said R50k above, but it's actually around R120k now), then you can take it out as a lump sum. The problem is that the previous year (before it dropped below the threshold) it was probably around R145k, meaning you could only withdraw around R25000...

@saidagha 17.5% per annum of the *remaining* amount, so you can draw down less and less as a rand amount each year, until the annuity reaches R50000 at which point you can draw it all. Well, less and less depending on the growth in the RA as well.

@silbo The part of the RA you don't take as a lump sum is converted to a living annuity from which you draw an income. I believe that can happen at age 55 - you don't have to wait to 65. Experts confirm? You can draw down up to 17.5% of you living annuity which would empty it out quite...

@knup Download Shyft app - backed by Standard Bank - and start saving in USD or EUR, depending on where you're going. You can create virtual cards, or have a physical (Mastercard) card delivered. Then you can spend directly in forex when you're overseas.

@amisraelhai You'll save a bunch of costs (bond registration, deregistration, attorneys etc) if you buy one property cash instead of bonding two. Definitely try to max out your pension/RA contributions. If you exceed the R250k/yr limit, the excess carries forward to tax deductions in future...

@ledoman Being able to change your contribution (as offered by Momentum) is powerful, but you could also just start your own RA on the side to achieve the same result. I've heard of some horror stories with company pensions held at Alexander Forbes. I'm not sure to what extent this was a...

@patt Imho, your spending priorities are screwed. We are two adults regularly working from home (zoom etc.) and three others, and our internet is under R1k per month. You should not be spending more on your internet than on food. For one person internet should be less than R500/m. Cellphone...