No early access to pension savings before 2022
Treasury says no early access to pension savings before 2022 and the R1.9-trillion Government Employees Pension Fund will be excluded
11 August 2021 - 17:06
UPDATED 11 August 2021 - 22:50
Workers in financial distress who hope for early access to a portion of their retirement savings while still employed will not be able to do so until at least 2022, the Treasury said.
In a statement on Wednesday that sought to clarify a proposal to allow partial pre-retirement access to pensions during emergencies or extraordinary circumstances, the government also said SA’s largest pension pool, the R1.9-trillion Government Employees Pension Fund (GEPF), will be excluded from the proposal...
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