Provident Fund Reform Postponed

 2016-12-18 11:19 AM by

Retirement_Fund_Reform_Savings_Planning 

"Government is forced to backpedal on provisions in the Tax Amendment Act that compel South Africans to put two-thirds of their provident fund savings in a retirement annuity.

The provision meant that retirees would be allowed to take only one-third in cash, while currently they’re entitled to the full amount." - The Herald Port Elizabeth.   To Read More See Below Links To Articles

The Herald Live:

http://www.heraldlive.co.za/zuma-government-backpedals-provident-fund-law/

Business Day Live:

http://www.bdlive.co.za/national/2016/02/19/provident-fund-fight-drags-on