Reprinted from iol.com, by Nicola Mawson – 2022-07-22 The pending implementation of the Two-Pot retirement scheme does not mean that those who wish to withdraw savings can use that method to hide money from a soon-to-be-ex spouse or get out of maintenance obligations in terms of minor children. The new retirement regime comes into effect […]
Reprinted from iol.com, by Zelda Venter – 2024-06-14 An unemployed husband, who said he financially took care of the family during his marriage and whose wife said his source of income derived from criminal activities, has lost his share of his wife’s pension when they divorced. The husband turned to the Gauteng High Court, Pretoria, […]
Pretoria – Three brides, two of whom the first wife did not approve of, came back to bite a husband as his first wife obtained an order that he may not receive half of her pension benefits upon their divorce. Reprinted from iol.co.za, by Zelda Venter – 2023-10-24 The husband, who, ultimately, had four wives, […]
The division of assets where a retirement fund or multiple retirement funds are involved is complicated. Reprinted from Moneyweb by Eric Jordaan – Crue Invest (Pty) Ltd Image: Shutterstock Divorces can be complicated, especially when it comes to the division of assets where a retirement fund or multiple retirement funds are involved. As it currently […]
Reprinted from Moneyweb.co.za, by Devon Card – 2023-03-30 Exploring mechanisms that couples can employ to create financial independence for the parent who chooses to stay at home and raise the children. The decision to be a stay-at-home parent (SAHP), whether driven by personal values, cultural pressure, or emotional desire, can have enormous financial implications for […]
What you need to know about divorce and your finances If you’re contemplating or going through a divorce, your key concern is extracting yourself from a once-happy situation that has turned at best unproductive and at worst toxic. You want to enable a more life-affirming environment for yourself and your children, if you have them. […]
Unpacking the complexities of claiming a share of your member spouse’s pension interest. Reprinted from Moneyweb, by Eric Jordaan – 2022-08-24 Retirement funds and property generally rank as a couple’s most valuable assets and yet, when it comes to divorce, it remains surprising how much time couples spend fighting over the smaller stuff. Further, given […]
Can an ex-wife claim maintenance arrears from her ex-husband’s retirement fund? A case came before the Gauteng High Court recently in which a woman had deducted funds from her ex-husband’s retirement funds for child maintenance arrears. The applicant was the ex-husband, who claimed that it was unfair for an application for withdrawal of funds to […]
