The Taxation Laws Amendment Act includes changes to the legislation that governs provident and provident preservation funds that will come into effect on 1 March 2021.
Blog Archives
Upcoming changes to provident and provident preservation funds
Tagged with: harmonisation, pension fund, preservation fund, provident fund, umbrella fund
Posted in News, Press Room
Posted in News, Press Room
Provident funds and annuity alignments
There is going to be heated debate in retirement planning circles as a result of the proposed amendment to implement annuitisation requirements on provident funds with effect from 1 March 2015.
Tagged with: Annuitisation, provident fund, retirement annuity, retirement planning
Posted in News, Press Room
Posted in News, Press Room
New tax deduction rules for contributions to retirement funds
The logic behind the new system is to treat all contributions to pension, provident and retirement annuity funds as a deductible employment expense for the employer and taxable fringe benefit for the employee. This leaves the employer in a tax neutral position.
Tagged with: financial planning, pension fund, provident fund, retirement annuity, retirement savings, tax deductions
Posted in News, Press Room
Posted in News, Press Room
What to do with a pension fund when you leave your job
When you change jobs, you have an option of either a pension payout, a transfer to your new employer’s pension fund, a preservation fund or a retirement annuity (RA).
Tagged with: pension fund, preservation pension fund, preservation provident fund, provident fund, resignation, retirement, retirement annuity
Posted in News, Press Room
Posted in News, Press Room
