pension

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Pensioners express concern about high tax deduction

LOCAL Some former government employees who have received their pension funds have expressed concern about the large deductions made from their pension. They claim that their income tax has increased dramatically since October of this year. And this has a negative impact on them because the pension money is their only source of income. The retired school principal, Malatswa Molepo worked for thirty years and the Government Employees Pension Fund […]

today30 November 2022

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ANC’s plans for South African pensions, prescribed assets and land

ANC economic policy chief, Enoch Godongwana, has outlined some of the key aspects of the party’s draft economic recovery plan – including the use of prescribed assets and pensions. Godongwana said via webinar on Monday (17 August) that the party is moving away from the use of prescribed assets, and is instead focusing on changes to regulation 28 of the Pension Funds Act. The regulation currently limits the extent to […]

today18 August 2020

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Government’s plan to use South African pensions

President Cyril Ramaphosa’s cabinet has drafted a new economic reconstruction and recovery plan which will see a number of financial regulation changes in a bid to get the country’s economy back on track. The Sunday Times, which has seen the plan, said among the planned proposals are the introduction of a state bank, as well as amendments to existing pension laws which would allow government to access retirement savings at […]

today16 August 2020

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SASSA to limit grantholders at paypoints as part of COVID19 measures

The South African Social Security Agency (SASSA) has put measures in place to combat the possibility of spreading the coronavirus a some of its outlets. SASSA said it will have limit the large numbers of social grant beneficiaries who collect their grants each month, following President Cyril Ramaphosa’s call to action to take precautionary measures. President Ramaphosa declared a national state of disaster in terms of the Disaster Management Act […]

today20 March 2020

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