Two pots: good news about tax on lump-sum withdrawals at retirement
National Treasury resolves the conflict between the draft legislation and the explanatory memorandum.
Authority releases report on fines, debarments, investigations, and licence suspensions and withdrawals in 2023/24.
Read moreNational Treasury resolves the conflict between the draft legislation and the explanatory memorandum.
It’s also hoping for concessions on access to the retirement pot when members are retrenched or dismissed.
The updated legislation puts the retirement industry in a better position to be ready by 1 March 2024, it says.
A guide to the features of the three components: savings, retirement, and vested.