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The FSCA and Sars were ready in time for the implementation of the two-pot retirement system despite earlier concerns.
SARS has received a total 161 607 tax directive applications since the 'Two-Pot' retirement system kicked in on Sunday, 1 September 2024.
Sars received an average of 17 964 tax directive applications a day since the two-pot retirement system came into effect.
SARS has received a total 161 607 tax directive applications since the 'Two-Pot' retirement system kicked on on 1 September 2024.
Pension fund administrators say withdrawal claims from pension fund members under the two-pot retirement system are streaming in.
By Andreas Shaanika, Direct Clients Manager, Corporate Segment Old Mutual Namibia. 1 September 2024 marked the start of the Two-Pot Retirement System...
Administrators are expected to earn between R640 million and R1.25 billion in fees from withdrawals under the two-pot retirement system.
Withdrawals from the two-pot retirement system should improve economic growth, as will lower interest rates. But these gains can be maintained only...