26/02/2026
Are Retirement Annuities and Tax-Free Savings Accounts still relevant?
Yes, but not as marketing tools.
As planning tools.
In South Africa, tax drag is real.
RA contributions remain tax deductible.
Growth inside both structures is shielded from ongoing tax.
That matters over decades.
Offshore exposure within retirement structures has increased.
The underlying investment universe is broader than it once was.
But the real question isn’t “Are they good?”
It’s:
Do they fit your broader balance sheet — alongside liquidity, offshore capital and estate planning?
These vehicles don’t replace strategy.
They support it.
Used intentionally, they strengthen long-term capital resilience.
