SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

Two-Pot Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Pension fund members can now access a portion of their funds before retirement.

Both the Pension Funds Amendment Act and Revenue Law Amendment Act make provision for pension fund members to access a portion of their funds before retirement.

The legislation creates a savings pot to access a third of their funds while two-thirds will be kept in the second pot for retirement. The Revenue Laws Amendment Bill, also referred to as a Tax Bill, was the first step to allow pension reforms.The Pension Funds Amendment Bill went through various public participation processes.

It was first passed by the National Assembly in March this year and sent to the National Council of Provinces for concurrence. When the NCOP received the Bill, it made some changes, passed it in April and sent it back to the Assembly for concurrence.The Bill was sent to the President, who signed it into law in July.Steenhuisen’s political patronage appointments a concern: Analyst Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 37. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Somalia beach attack kills 32 civilians - SABC News - Breaking news, special reports, world, business, sportAt least 32 civilians were killed and 63 injured in an explosion on a popular beach in Mogadishu.
La source: SABC News Online - 🏆 32. / 51 Lire la suite »