Cosatu wants urgent discussions with Treasury over changes to two-pot system
One of its four proposals is to allow members to transfer up to a third of their vested savings to their savings component.
One of its four proposals is to allow members to transfer up to a third of their vested savings to their savings component.
The exemption will apply pending the finalisation of the consultation process on the draft amendments to Conduct Standard 1.
The draft amendments address the misalignment between the current prescribed section 14 application forms and the upcoming two-pot regulations.
One amendment will affect inter-fund transfers by members who have reached normal retirement age but who have opted not to retire.
Final version of guidance notice on intermediary remuneration published.
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 […]
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 […]