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According to Niel Fourie, public policy actuary at the Actuarial Society of South Africa, government is offering an increased incentive to save towards retirement – it’s not mandatory, but you’ll save on taxes.
National Treasury’s retirement funding proposals hit the mark, Simeka Consultants & Actuaries
As part of Government’s drive to get South Africans to invest more for their retirement, National Treasury is proposing to increase the portion of your retirement fund contributions that you can use to reduce your tax every year.
We can draw lessons from the national budget to apply to our own household budgets, not least of all because every year the Finance Minister walks a tightrope between income and expenditure. Meeting the needs of all South Africans from a very limited tax
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?