Cashing-out risks
Cashing out retirement funds: Tax and investment risks
Explained by our expert
About me
Isabella holds a BCom Honours in Actuarial Science from the University of Cape Town and works at the intersection of investments, quantitative analysis and product development at Sygnia Asset Management. She began her career as a Junior Quantitative Analyst at Sygnia in February 2024 before being appointed Investment Product Specialist in January 2025. Her actuarial background gives her a strong analytical foundation, which she applies to developing investment solutions and helping make complex investment concepts easier for members to understand.
Video Transcript
Your retirement pot is locked until retirement. Taking cash from your savings pot may result in tax being deducted and could reduce future investment growth. While it provides money now, it may leave you with less income in retirement. – think carefully about the tax cost and your future financial security.
