Some sweeping changes will take effect from 1 March 2016.
The Taxation Laws Amendment Act No. 25 of 2015 that was published in Government Gazette No. 39588 on 8 January 2016 confirms the changes to the tax treatment of contributions and the alignment of the annuitisation requirements between retirement funds from 1 March 2016. Momentum’s Legal Update 3/2016 looks at the impact of the changes to retirement fund contributions on members and employers. It contains practical examples to provide greater clarity and should be read be read by all those in the retirement advice and planning space.
It is also an ideal document to help your clients understand the bigger picture in view of the current confusion in the market