Insights categories - Retirement

Great news for retirement savers as offshore limits increased to 45%

Following announcements in the recent Budget speech, the South African Reserve Bank (SARB) has confirmed that the offshore investment limits for all investment and product providers, including retirement funds, have been aligned and set at 45%, effective immediately.

This is very positive news for South African investors over the long term, especially for retirement fund members, as it represents a significant relaxation in exchange control regulations, which allows for greater diversification and flexibility to benefit from the global opportunity set. 

What does this mean for your investments?

Always make considered changes

The welcomed revised offshore limits give you more flexibility in your decision-making. However, it is important to remember that before making any changes to your portfolio, you should think carefully about your long-term goals, objectives and capacity to take on additional risk. You may wish to talk to a good, independent financial adviser regarding any changes to your portfolio that you may be considering.

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