Two-pot implementation costly for retirement industry

Sars issues 1.9-million tax directives for withdrawals valued at R35bn

27 November 2024 – 10:51

The Financial Sector Conduct Authority (FSCA) has estimated the implementation of the two-pot system of retirement, which came into effect on September 1, has cost the industry R1.63bn. ..

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 [email protected] or call 0860 52 52 00.

Would you like to comment on this article?
Sign up (it’s quick and free) or sign in now.