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GEPF pensioners and members untouched by new tax regulations

18 January 2016

The Government Employees Pension Fund (GEPF) assured its members and pensioners that the new Taxation Laws Amendment Act will not affect their pensions or benefits. As a defined benefit pension fund, the benefits of the GEPF are already taken as one third lump sum gratuity and the two thirds is taken as a pension. It will however affect the recording and attribution of the employer’s contribution in respect of active members. It will also increase the amount that can be contributed to the Fund tax free for the majority of its members.

Clarification around the new retirement reforms

18 January 2016

As the reforms related to tax harmonisation of retirement funds is set to become a reality on 1 March - or T-day, as it has become known – it is vital members are communicated with in order to avoid hasty, and potentially damaging actions.

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

14 January 2016

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.

Why retirement is not easy for the rich

14 January 2016

In the coming decade, the number of ultra-rich South Africans in the country is expected to increase by about 40%. Yet the percentage of this group that will maintain their lifestyles into retirement is significantly smaller, this is according to Jason Garner, Strategic Relationship Manager for Private Wealth Management, a division of Old Mutual Wealth.

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Question

Do you think short-term insurance broking will survive the AI plus humanoid robotics age?

Answer

Human first always Not a chance Possibly maybe Yes, but reimagined

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