EDITORIAL | Proposed pension fund legislation has risky elements
The new system allows for more flexibility but does not offer much relief in the short term
09 August 2022 - 20:00
The National Treasury last week released draft pension fund reform legislation, aimed at walking the fine line between allowing cash-strapped South Africans’ early access to some of their savings while leaving most of it stashed away for retirement. The Draft Revenue Laws Amendment Bill is now open for public comment, after which the proposed amendments will go through a parliamentary process before being signed into law. If all goes according to plan, it will come into effect in March, but trade union movement Cosatu and other experts have expressed some concerns over the proposal...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
There’s never been a more important time to support independent media.
From World War 1 to present-day cosmopolitan South Africa and beyond, the Sunday Times has been a pillar in covering the stories that matter to you.
For just R80 you can become a premium member (digital access) and support a publication that has played an important political and social role in South Africa for over a century of Sundays. You can cancel anytime.
Already subscribed? Sign in below.
Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.