At the heart of each application was Mafoko’s repeated failure, in some cases over years, to pay contributions due to the fund on behalf of employees.
An ex-employee recently learnt the hard way that, by defrauding her former employer, she may not only have to face charges but could also lose all the contributions ...
In addition, the GEPF, represented by the Public Investment Corporation of South Africa (PIC), have injected $48. 5 million (R879. 9 million) of cash equity as part ...
The SARS yesterday updated the total figures for tax directives received concerning withdrawals from the Savings Withdrawal Benefit under the Two-Pot system.
The National Treasury has reduced Eskom's debt relief allocation by R2 billion following non-compliance with asset disposal conditions, while implementing stricter ...
South Africa’s finance minister’s full MTBPS.
The mini budget fails to address the potential economic impact of a proposed 36% electricity price increase, while presenting contrasting scenarios for South Africa's ...
However, Godongwana said the economy has since strengthened in response to the suspension of power cuts since March, improved confidence following the formation ...
Godongwana said this was a measure to build a capable State that delivers a reasonable and reliable standard of public service that will foster the necessary environment ...
Being a sperm donor does not make you a father, and being a biological parent does not confer absolute rights, according to a ruling by the Pension Funds Adjudicator. ...
A life annuity provides a regular monthly income stream in retirement for the rest of your life and doesn’t require you to manage the underlying investments year ...
Reports suggest that women are more likely than men to use their retirement savings to support their families in emergencies.
In a video interview which features a conversation between Proffessor Terrence Kommal and Farzana Botha from Sanlam, the two focus on the new two-part retirement ...
The two-pot retirement reform allows pre-retirement access to a portion of one’s retirement assets in times of personal stress such as medical bills or unemployment. ...
Alexforbes supports the two-pot retirement system because of the “positive impact it will have on the financial future of retirement fund members. ”
The trend of retiring to the coast will likely continue into 2024, with secure estates still attracting a lot of interest.
This comes after a complainant alleged that the MEPF allocated 23 years and two months of services to him while it should have been 41 years and two months.
Send your queries and questions to personalfinance@inl. co. za. This month’s questions answered by PSG Wealth
The dream of a comfortable retirement is under threat for many, and addressing this issue is critical.
About R120 million of the value of investment returns were destroyed due to behaviour tax for the 2023 period.