Two-pot reforms: Cosatu pushes for more changes
Trade union federation says workers are aggrieved at tax rates on withdrawals
02 September 2024 - 05:00
The long-awaited two-pot system of retirement reform takes effect on Monday, with expectations that pension members will withdraw billions of rand from their funds over the coming weeks and months.
Estimates of withdrawals in 2024 range between R20bn and R100bn, which is expected to give a boost to economic growth and tax revenue. ..
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.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.