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Maroc Maroc - KAYA959.CO.ZA - A la une - 13/Sep 13:20

Two-pot requests exposing employers defaulting on pension contributions

By: Natasha Archary Two-pot withdrawal requests are exposing employers who have fallen behind on their pension fund contributions. While the South African Revenue Service (SARS) has received applications for two-pot withdrawals totalling R4.1 billion, Pension Funds Adjudicator Muvhango Lukhaimane joins Refilwe Moloto on Kaya Biz to share the alarming number [...]

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South Africans rush to withdraw from ‘Two-Pot’ retirement system – to the tune of R4.1 BILLION

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SARS has received a total 161 607 tax directive applications since the 'Two-Pot' retirement system kicked on on 1 September 2024.

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