Lockdown Update – 29 April
Updates and clarifications on the TERS payouts and employer payments, expansion of the deferment of PAYE, as well as other topical news
Posts with Tag "Retirement Annuity"
2016 Retirement Reform
The 1st of March 2016 brought with it a number of significant changes that will affect employees with pension, provident and retirement annuity funds. This legislation introduces a uniform tax treatment for all three of the above-mentioned funds (total taxable income deduction limited to 27.5% of income, with an annual cap of R350 000).