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Retirement planning | How does it work if you contribute more than the allowed maximum?

How does it work if you contribute more than the allowed maximum to your retirement fund? If you contributed more than the maximum allowed to your retirement fund, you can use these contributions to reduce your taxable income or increase the tax-free lump sum you take at retirement. For more information on our products and services, visit our website, nedbankprivatewealth.co.za. Engage with us on social media: Facebook | LinkedIn | Twitter | Instagram | ... ( read more ) LEARN MORE ABOUT: Retirement Annuities REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Retirement planning is an important part of financial planning that helps you to prepare for life after work. It allows you to set aside money for retirement and to invest it in a way that will provide for your future financial needs. Retirement planning can be complicated and requires careful planning and consi...