The Institute of Retirement Funds Africa has joined companies in the pension fund industry to welcome the president signing one of the bills required to establish the two-pot retirement system into law.
Fowler and Hiller van Rensburg assure members of retirement funds and the sector as a whole that, in line with its mandate, the IRFA will continue to share important information to support all stakeholders in effectively implementing and realising the beneficial potential of the two-pot retirement system.
For example, she says, if you contribute R300, R100 will go to emergency savings and R200 to the retirement pot. You will then be allowed one annual withdrawal from the emergency savings, subject to a prescribed minimums of R2 000. The initial seeding calculations, which are based on the market value of each person’s existing retirement savings at the end of August 2024, will determine how much goes into each pot.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Telco industry body calls for industry-driven 2G, 3G sunsettingThe Association of Comms and Technology advocates for less stringent government deadlines, as the state eyes December 2027 as shutdown for 2G and 3G.
Source: ITWeb - 🏆 45. / 51 Read more »
Gugulethu Xofa Speaks on Influencers in the Acting Industry: “A Lot Has Changed in the Industry”Gugulethu Xofa addressed the influx of influencers in the acting industry. She said social media celebs receive preferential treatment over professional actors
Source: brieflyza - 🏆 10. / 68 Read more »
Turkey bets on Togg to give its car industry electric edgeOn the shores of the Sea of Marmara, a grey and turquoise factory built at breakneck speed is churning out electric cars by the hundreds. 'We have not missed the boat on electric cars,' he said again in mid-May.
Source: brieflyza - 🏆 10. / 68 Read more »
Fibre boss warns Vodacom control over DFA would break South Africa’s fibre industryFrogfoot founder Abraham van der Merwe told the Competition Tribunal that Vodacom should not be allowed to buy a stake in Maziv as it threatens South Africa’s fibre industry.
Source: mybroadband - 🏆 11. / 67 Read more »
Taxi industry, religious leaders, frustrated community join ANCYL march against crime in SoshanguveHundreds of concerned young people gathered at the Soshanguve Giant Stadium to march on the local police station.
Source: ewnupdates - 🏆 30. / 53 Read more »
How the South African government's policies are hindering poultry industry growth and job creationDespite a R1.8 billion investment that created 2 000 jobs, low demand and stalled export growth leave poultry production capacity idle
Source: mailandguardian - 🏆 2. / 92 Read more »