Pension fund industry faces 'critical' two-pot admin, but Ramaphosa must sign bill first

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Two Pot

Pension fund industry faces 'critical' two-pot admin, but Ramaphosa must sign bill first

"Critical" administrative moves — including President Cyril Ramaphosa signing the Pension Funds Amendment Bill , and the resolution of tax issues — need to be resolved before the looming two-pot deadline, retirement fund administrators say.

The system, which will be introduced in September this year, was officially established when Ramaphosa signed the Revenue Laws Amendment Bill into law this month. South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.

 

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