MyMoney Online, The Personal Finance series with Warren Ingram

How retirement reforms (effective from 1 March) will affect your golden years

(Click here to read "President Jacob Zuma signs retirement reforms. Here’s what they entail…".)

The Money Show’s Bruce Whitfield interviewed Warren Ingram, Financial Advisor at Galileo Capital.

Ingram discussed what to make of the retirement reforms that will be in place from March.

Scroll down for quotes from the audio below.

This takes away discrepancies between all the various retirement and pension funds.

Warren Ingram, Galileo Capital Financial Advisor

We’re getting a bigger tax deduction. 27.5% versus 15% before.

Warren Ingram, Galileo Capital Financial Advisor

The unions should be saying that ‘this is exactly what we need’.

Warren Ingram, Galileo Capital Financial Advisor

Nothing changes for the money already in your retirement fund. This pertains only to new money you put in there.

Warren Ingram, Galileo Capital Financial Advisor

This doesn’t have an enormous impact on high-income earners.

Warren Ingram, Galileo Capital Financial Advisor

Nobody likes to be told what to do, but the reality is that in our country we spend it all.

Warren Ingram, Galileo Capital Financial Advisor

Subscribe to our Business Wrap Newsletter

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
President Jacob Zuma signs retirement reforms. Here’s what they entail…

President Jacob Zuma signs retirement reforms. Here’s what they entail…

Bruce Whitfield interviews Michael Prinsloo, Alexander Forbes' Head of Best Practice in Research and Product Development.

How to invest an extra R1000 (or so) per month

How to invest an extra R1000 (or so) per month

Have some spare cash to save and invest, but not sure how? Galileo Capital Financial Advisor Warren Ingram presents your options…

How I manage to invest a third of my income (despite earning peanuts)

How I manage to invest a third of my income (despite earning peanuts)

I earn peanuts, yet I’m slowly (but surely!) on my way towards never having to work for money ever again in my life.

How investing a third of my salary every month is making me rich (and free!)

How investing a third of my salary every month is making me rich (and free!)

A supersaver explains how she managed to invest R2.6 million and turn it into a whopping R3.7 million.

Tired of work? Retiring early is possible, but you must do things differently

Tired of work? Retiring early is possible, but you must do things differently

Do you dream about retiring early? It’s possible; here’s how those that do differ from the rest of us.

Meet Johann Redelinghuys, a man hell-bent on ending retirement (as we know it)

Meet Johann Redelinghuys, a man hell-bent on ending retirement (as we know it)

“Why try and make retirement more palatable? Why not just abolish it completely?” says headhunter Johann Redelinghuys.

What happens to your Retirement Annuity if your fund manager goes bust?

What happens to your Retirement Annuity if your fund manager goes bust?

Fund managers do from time to time go bankrupt. Here’s what’ll happen to your Retirement Annuity if yours does…

How to ensure the best possible retirement your money can buy

How to ensure the best possible retirement your money can buy

We talk to the author of “Retiremeant: Get The Most Meaning from Your Money”, a book on living the best possible life after work.

5 things you must do now if you plan on retiring in roughly 10 years

5 things you must do now if you plan on retiring in roughly 10 years

Warren Ingram, Financial Advisor at Galileo Capital, has these tips for anyone wishing to retire a decade or so from now.

10 reasons why this is BY FAR the best way to save for retirement

10 reasons why this is BY FAR the best way to save for retirement

Is there a single best way to build your wealth so you can retire with dignity? Yes, there is, despite costs and limitations.

How much you should save for retirement

How much you should save for retirement

You know you should save for retirement, but do you know how much? Financial planner Claude Hannah breaks it down in simple terms.

Is The Government Going To Take Your Pension Money?

Is The Government Going To Take Your Pension Money?

Bruce and Warren Ingram discuss how the proposed retirement reforms will affect your pension fund.

Why you need a pension fund (or retirement annuity) even if you own a house

Why you need a pension fund (or retirement annuity) even if you own a house

Many people falsely believe they do not have to save for retirement because they own the home they live in.

Popular articles
Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

ANC branch in the Eastern Cape, Z.R Mahabana, has launched a campaign backing Lindiwe Sisuslu as an ANC presidential candidate.

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

Pamela Nomvete on her downfalls as actress, and 'climbing back'

Pamela Nomvete on her downfalls as actress, and 'climbing back'

This week Xolani Gwala's speaks to former Generations actor Pamela Nomvete for #WhatInTheWorldHappenedTo feature.

[WATCH] New adapted national anthem by students

[WATCH] New adapted national anthem by students

Fees Must Fall activists singing the national anthem with a new melody and phrases calling it a 'decolonised national anthem'.

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?