Treasury anticipates tax windfall from two-pot retirement system
Many fund members are likely to withdraw the seed capital from their savings component.
Compliance and Legislation
Whatever happened to … NHI?
The Minister of Finance says the R1.4 billion allocation demonstrates the government’s commitment to National Health Insurance.
Whatever happened to … a basic income grant?
Changes are afoot to the qualifying criteria for the Social Relief of Distress grant, for which provisional expenditure has been allocated to 2027.
Financial services provider slapped with R400 000 fine for FICA violations
Implementing – not merely creating – a Risk Management and Compliance Programme is crucial to ensure compliance with the Act.
No-cost webinar on managing ill health and sick leave in the workplace
Moonstone Compliance will equip you with the knowledge and skills to identify and approach individuals who are incapacitated.
What qualifies as an FSCA decision that can be reconsidered by the Tribunal?
The Authority’s findings in respect of an investigation have no legal consequences, the FST says.
Tax-smart giving: support education with section 18A amid funding challenges
Danielle Luwes, tax director at Hobbs Sinclair Advisory, provides clarity on the process and benefits of section 18A donations.
Companies must submit proof of their registered address
This is in terms of a notice published by the Companies and Intellectual Property Commission.
Proposed amendments to Long-term Insurance Act stir debate and industry adaptation
A Sanlam insurance law expert discusses the implications of the proposed Long-term Insurance Amendment Bill for insurance companies and the public.
Tribunal upholds decision to debar F&I marketer for falsifying client’s signature
The rep said she corrected the errors herself to avoid inconveniencing the customer and embarrassing the company, not to commit fraud.
Two-pot legislation speed bump – the Amendment Bill must be amended to include public sector funds
The Pension Bill will prohibit members from making a withdrawal from the savings component if the withdrawal results in insufficient funds remaining to settle a court order.
No-cost webinar on managing ill health and sick leave in the workplace
Moonstone Compliance will equip you with the knowledge and skills to identify and approach individuals who are incapacitated.
Budget 2024: No inflation-related adjustments to the tax brackets?
Not providing tax relief will be a relatively easy way for a cash-strapped National Treasury to collect revenue.
FIC urges delinquent estate agents, lawyers to comply to help SA exit the grey list
Non-submission of the RCR required by Directive 6 will prevent the Financial Intelligence Centre from demonstrating compliance with the FATF’s action plan.
Minister of Finance publishes Pension Funds Amendment Bill
The amendments are necessary for private sector retirement funds to give effect to the two-pot retirement system.
The downside to a side hustle
It is the sole prerogative of an employer to regulate when moonlighting may be permitted, and if so, on what terms.
Tribunal sets aside WesBank’s debarment of financial and insurance marketer
The Financial Services Tribunal says the dispute is ‘one of the many cases where employers use labour disputes to debar FSP representatives’.
