Finance MPs defy Treasury’s advice on two-pot retirement system
Parliament’s finance committee wants the new system to be implemented in March 2024
Parliament’s finance committee has gone against the advice of the Treasury and the retirement industry in deciding that the two-pot retirement system will be implemented on March 1 2024.
The Treasury and the industry wanted the system implemented in 2025 to enable the SA Revenue Service (Sars) and the industry to get systems in place, which they say can be done only once the law has been promulgated. The Treasury has insisted March 1 2024 is not feasible...
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