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Resignation or retrenchment – financial decisions for the first 90 days

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South African professionals facing sudden career transitions, such as resignation or retrenchment, find themselves at a critical financial crossroads. The first 90 days after resignation or retrenchment can determine their long-term financial security. Although this period represents a high-risk financial window, it can also create valuable opportunities for recalibration and growth.

South Africa’s current retirement conundrum

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In the weeks prior to the Medium-Term Budget Policy Statement (MTBSP), South Africans await more clarity from National Treasury on their proposal for limited pre-retirement withdrawals and the logistics required to make this happen.

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