B2B Central

pensions

11 Feb 2016

2016 tax changes show need for closer HR and retirement fund administration alignment

By Janice Roberts

The likely advent of new tax changes affecting the treatment of retirement funds from March this year, which will change the way that employer-sponsored retirement funds are taxed and will impact on fund members in different ways, highlights the need for human resources personnel and retirement fund administrators to work more closely together. This is...
10 Feb 2016

Taxation Laws Amendment Act cannot be postponed

By Janice Roberts

The Association for Savings and Investment South Africa (ASISA) has noted with grave concern reports that the Taxation Laws Amendment Act may be postponed.
03 Feb 2016

New tax laws to put spotlight on retirement savings

By Janice Roberts

The so called T day reforms will be implemented on the 1st of March 2016 and are likely to spark a surge of renewed interest in income tax deductions and capital accumulation for retirement. This is according to Derick Ferreira, a senior manager at Old Mutual.
27 Jan 2016

Real increases for the median in 2015

By Janice Roberts

The BDSI and BPPI overview for 2015 shows it was a good year for most formal income earners.
20 Jan 2016

Pension reform: questions and answers

By Janice Roberts

President Jacob Zuma recently signed the Taxation Laws Amendment Bill, which means there will soon be compulsory annuitisation of two thirds of provident fund savings on retirement.  Not everyone is happy about this – especially the Congress of South African Trade Unions.  There is a lot of confusion around retirement reform.  Clarification is needed –...
15 Jan 2016

Key retirement reforms set to become a reality on T-Day

By Janice Roberts

2016 is set to be an important year for the South African retirement fund industry following the announcement this week by National Treasury that President Zuma has signed into law the 2015 Tax Administration Laws Amendment Act No. 23 of 2015 and Taxation Laws Amendment Act No 25 of 2015.
14 Jan 2016

Presidency says Zuma didn’t act unilaterally on tax law

By Janice Roberts

President Jacob Zuma did not act unilaterally when signing the Tax Administration Amendment Act. This is according to a statement issued by the Presidency today.
03 Dec 2015

Tax harmonisation reforms of retirement funds will be implemented from 1 March 2016

By Janice Roberts

National Treasury said in a statement today that tax harmonisation reforms of retirement funds will be implemented from 1 March 2016. This is in terms of the current law legislated in 2013, and amended in 2014 by shifting the effective date to 1 March 2016 (i.e. the Taxation Laws Amendment Act, No. 39 of 2013,...