Retirement

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Citing a pension fund as a party to divorce proceedings

27 October 2015 | General

As well all know, there must be an order against a fund before any portion of the member’s pension interest can be paid out to the non-member spouse. This week we look at why it’s not necessary to cite the fund in question as a party to the divorce proceedings.

South Africa’s weak economy can be lifted by a strong savings culture, says Old Mutual Wealth

23 October 2015 | Savings & Investments

The medium term budget announced on Wednesday reflects National Treasury's ongoing commitment to supporting economic growth and social development. The priorities are education and skills, health services, social protection, infrastructure and job creation.

Less tax, more pension

20 October 2015 | General

Shaun Ruiters of Sanlam Investments offers some insights coming out of the recent FPI Retirement and Investment Convention on how to maximise tax benefits in retirement. Medical aid contributions, RA contributions, age related and other general rebates, capital gains exemption and donations are some of the easiest ways to save money through tax exemptions.

Clean-break principle brings GEPF in line with the Pension Funds Act

15 October 2015 | General

The “clean-break” principle relating to members and their spouses was introduced into the Government Employees Pension Law to bring it in line with global best practices and to provide a more equitable solution in cases of divorce.

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

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