Balanced strategy can reduce your taxable income

To answer your question, I will make some assumptions to illustrate my recommendation.

- Jaco Fouché

Please note that this is a general approach and may differ substantially if I had the opportunity to assess your individual circumstances more closely. Additionally, I prefer to paint a conservative picture to avoid any surprises down the road.

Assumptions

The R21 million in retirement funds are still in retirement annuities, pensions, or preservation funds. You will need to retire from these and start drawing an income.

The R16 million in discretionary funds represents a moderate portfolio with exposure to equity, property, bonds and cash. You could earn a conservative net return of 9% on these funds.

I assume that you are 65 years of age.