Legal precedent set as Odendaal’s assets forfeited in Steinhoff fraud battle

The SARB has forfeited to the state cash totalling R42m from Berdine Odendaal’s bank accounts, as well as her R18m property in Paarl’s Val de Vie estate.

‘T-Day’ provident fund members ‘should have to opt in to two pots’

Organisations representing the retirement industry call attention to the ‘problematic’ provisions in the draft legislation for the two-pot retirement system.

Seeding will have a minimal impact on retirement funds’ liquidity, says Old Mutual

The updated legislation puts the retirement industry in a better position to be ready by 1 March 2024, it says.

Latest proposals on how the two-pot retirement system will work

A guide to the features of the three components: savings, retirement, and vested.

A deeper look at the two-pot retirement system

Blessing Utete, the managing executive of Old Mutual Corporate Consultants, spoke to Mark Bechard, the managing editor of Moonstone publications, about National Treasury’s draft legislation for the two-pot retirement system. Read: Treasury publishes […]

Budget proposes changes to the tax regime of retirement funds

The government proposes to address anomalies in the Income Tax Act to ensure that members of pension and provident funds are treated alike, according to proposals announced in the Budget Review. The anomalies […]

Treasury’s pensions policy still focussed on encouraging savings

Plans to make retirement savings accessible to fund members have received a lot of attention lately, but Treasury is still very much aware of the need to protect these funds. Legalbrief reports as […]

Finally: annuitisation of provident and provident preservation funds

The Taxation Laws Amendment Bill, announced in Parliament late last year, introduces new tax rules regarding the annuitisation of provident funds which will come into effect on 1 March 2021. A recent opinion […]