SA’s pension system slips further down the global rankings
Lack of coverage and poor preservation remain the major shortcomings.
Retirement funding
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.
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Why SA’s pension system ranks 31st out of 43 in a global survey
Limited coverage and low preservation are the main reasons South Africa’s pension system once again got a C grade in this year’s Mercer CFA Institute Global Pension Index (MCGPI). The country’s overall score […]
How big is the pensions gap in South Africa?
It would take R69 billion to close South Africa’s pensions gap, assuming a contribution rate of 10%, according to research published by Andrew Donaldson, senior research associate at the Southern African Labour and […]
A call for preservation of all retirement funding contributions
In the wake of calls from unions for legislation to be changed to allow workers to access their pension fund contributions in times of financial distress, other voices call for stronger measures to […]
A call for preservation of all retirement funding contributions
In the wake of calls from unions for legislation to be changed to allow workers to access their pension fund contributions in times of financial distress, other voices call for stronger measures to […]
Impact of emigration law changes on retirement funding provision
Regulations regarding taking retirement funds out of the country when you emigrate changed from 1 March 2021. These changes affect people who have certain types of retirement funding, such as retirement annuities and […]
Retirement funding gets a boost
The Taxation Laws Amendment Act No. 31 of 2013, published in Government Gazette No. 37158 on 12 December 2013, contains very important changes to the tax treatment of contributions to retirement funding. Hettie […]
Retirement funding gets a boost
The Taxation Laws Amendment Act No. 31 of 2013, published in Government Gazette No. 37158 on 12 December 2013, contains very important changes to the tax treatment of contributions to retirement funding. Hettie […]
Retirement Funding and Tax Deductions
The Taxation Laws Amendment Act No. 31 of 2013 was published in Government Gazette No. 37158 on 12 December 2013. A reader sent me a copy of Momentum’s Legal Update No. 3 of […]
