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Treasury Proposals to Promote Savings

A media release on Friday sheds more light on these planned initiatives by the government to supplement the current interest income exemption with tax free savings accounts: This paper lays the basis for the legislation that will be published for public comment by July 2014, and for tabling and enactment thereafter in the newly-elected Parliament […]

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Charges in Retirement Provision

On 11 July, the National Treasury released the last paper in a series of five technical discussion papers on promoting household savings and reforming the retirement industry. The first four were: Enabling a better income in retirement Preservation, portability and governance for retirement funds (both released on 21 September 2012) Incentivising non-retirement household savings and […]

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