August 2025

Big tax changes for these retirement funds in South Africa

South Africans with foreign retirement funds and foreign nationals who become South African tax residents face a major shift from 1 March 2026. This follows a proposal from the National Treasury, which wants to scrap the current exemption and give SARS taxing rights over foreign retirement income. This was explained by Tax Consulting SA’s cross-border taxation legal manager, Delano Abdoll, and team lead, John-Paul Fraser. Abdoll and Fraser stressed that retirement planning is a crucial financial component for South African expatriates and...

US. Working longer to afford retirement is a risky plan, economists say — but some employees are counting on it

As Americans live longer and worry about outlasting their money in retirement, a growing number are counting on one strategy for their future financial security: working longer. Roughly 70% of U.S. workers who haven’t retired yet have considered pushing back their retirement date, according to a recent survey from F&G, an insurance company. Nearly half of the 2,000 adults surveyed said they’re afraid they won’t have enough money to retire. Some people have gone beyond considering the strategy. “Two in 10 workers adjusted their target retirement age...

Life Behind the Cart in Sierra Leone’s Informal Sector

On any given day, through the dusty or muddy streets of Shell New Road, Freetown, you’ll find Hassan Sesay, 43, pushing his heavy cart, navigating potholes and broken roads, hustling to deliver goods that don’t even belong to him but upon which his entire livelihood depends. Sesay was born along Lunsar Road in Makeni to a builder father and a trader mother. Life was hard. His parents could not afford to send him to school, and his childhood dream of...

México. Afores son ya el segundo sector financiero más grande de México, revelan datos

Los recursos administrados por las Afores en México alcanzaron un impresionante volumen de más de 7 billones de pesos al cierre de mayo de 2025. Este hito posiciona a las Afores como el segundo sector más grande dentro del sistema financiero mexicano, con una participación del 20.1%. La gestión de estos activos se realiza a través de las Sociedades de Inversión Especializadas en Fondos para el Retiro, conocidas como Siefores. Desde 2019, el esquema de Siefores organiza a los trabajadores de manera generacional, permitiendo que sus...

Perú. Pensión para docentes aumentaría a S/3.300 tras retiro de reconsideración en el Congreso: ¿qué necesita para ser oficial?

El aumento de pensiones para docentes estaría cada vez más cerca de ser realidad. Luego de que el Congreso aprobara en primera votación el proyecto para incrementar el beneficio de S/800 a S/3.300,60 en la legislatura anterior, el congresista César Revilla (Fuerza Popular) presentó una reconsideración a dicha decisión, pero la acaba de retirar en el actual periodo. ¿Qué sigue para que el incremento sea ley? El Sindicato Unitario de Trabajadores en la Educación del Perú (Sutep) ha mostrado su respaldo a esta iniciativa, que tiene el fin...

How Many Americans Have Retirement Savings? The Answer May Surprise You.

Given the choice, most Americans would probably rather spend their extra money on entertainment, vacations, or home improvements than contribute to an IRA or 401(k). But without retirement savings, you risk struggling financially once your career comes to an end and you stop collecting a steady paycheck. If you're an average earner, you can expect your Social Security benefits to replace about 40% of your wages, assuming the program doesn't have to move forward with cuts. But it's typical for retirees to...

UK state pension age could rise to 70 amid triple lock concerns

State pension reform has returned to the centre of political discussion as the nation's growing financial burdens have prompted experts to forecast that a rise in the retirement age to 70 could arrive earlier than anticipated. Further demands have been made for Chancellor Rachel Reeves to reassess the triple lock policy. The state pension age currently stands at 66, scheduled to climb to 67 by 2028, with additional rises planned for subsequent decades. Financial advisers and think tanks are advocating...

Turkey is heading towards a demographic shift. An aging society versus the lowest number of children

The latest data from the Turkish Statistical Institute (TÜIK) reveals a striking demographic shift in the country, as the number of children declines to unprecedented levels alongside a noticeable increase in the elderly population, raising concerns about the future of demographic balance. The figures show that the number of children under the age of four has decreased this year to about 4.9 million children only, the lowest number recorded in Turkey's history. In contrast, the number of those over the...

China. Will retirees be job market winners as China targets social insurance dodgers?

Increased scrutiny of businesses in China that evade their social insurance obligations looks set to further boost the employment of retirees, prompting widespread concerns as a record number of university graduates tries to find work. It all came to a head recently when recruitment notices put out by the McDonald’s fast food chain, which has been employing retirees for years, sparked an emotional response on Chinese social media platforms. “The logic behind it is simple – hiring retirees means companies don’t...

Bajó el índice de pobreza en México, preocupa el aumento de la carencia de la Seguridad Social según datos del INEGI

En los últimos años, los indicadores de pobreza en México han mostrado avances significativos. De 2016 a 2024, la pobreza general disminuyó de 52.2 millones de personas a 38.5 millones, según el Instituto Nacional de Estadística y Geografía (INEGI). Sin embargo, uno de los aspectos que sigue representando un gran desafío para el país es la carencia en seguridad social, que afecta al 48.2% de la población. Te contamos qué es y qué dicen los datos duros del INEGI. ¿Qué es la...