In this edition of Ninety One Masterclass, we disucss that when withdrawing from a retirement fund, you lose creditor protection, tax-free growth and face withdrawal taxes. The assets also become subject to estate duties and probate, potentially reducing the value passed to beneficiaries. Albert Coetzee, Head of Global Investment Platform, stresses the importance of understanding these risks, especially regarding Retirement Annuities, to make informed decisions that align with tax and estate planning goals.