WATCH: Tax saving strategies at retirement – Part 2

In this video, I discuss the tax saving strategy that involves a retiree drawing their retirement income from two sources – discretionary funds and compulsory funds. The extent of how much you can benefit from this strategy depends on the discretionary funds available at retirement. Therefore, planning for this, ideally, should start several years in advance to ensure that sufficient discretionary funds are available to form part of your retirement income plan.

However, depending on your circumstances and balance sheet, even if you are nearing retirement, you may still have an opportunity to use this strategy.

This is my second video of six that I will be sharing on tax saving strategies at retirement. If you haven’t watched my first one, you can find it here.