The Absa Participation Bond Fund is for any investor looking for a secure investment with an attractive income yield that is market-related and always competitive. It's for young and old, individuals or corporate bodies, trusts, charities, clubs, educational institutions and churches. The Fund holds ... More Details »
In 1996 the Tax on Retirement Funds Act was passed and levied a 9% tax annually on the interest and net rental income earned by a retirement fund. With effect from 1 March 2007 this tax has been scrapped and no longer applies to retirement funds.