comparemela.com

Page 3 - ஊழியர் நன்மைகள் ஆலோசகர் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Retirement and self-sabotage in South Africa

Retirement and self-sabotage in South Africa Subscribe Even after the final reforms are in place, investors will remain free to be their own worst enemy, writes Mica Townsend, business development manager and Employee Benefits Consultant at 10X Investments. Almost 10 years after National Treasury embarked on its mission to strengthen South African retirement savings, as reflected in the Taxation Laws Amendment Bill of 2020, the final reforms are scheduled to come into effect on 1 March – but, unfortunately, fund members will still be free to sabotage their own retirement. As pertinent as some of these reforms are, they are unlikely to achieve the overarching objective, to “improve preservation … and ensure higher levels of income in retirement”.

Retirement savers still free to sabotage themselves

Retirement savers still free to sabotage themselves By Opinion Share Even after the final reforms are in place investors will remain free to be their own worst enemy, writes Mica Townsend, Business Development Manager and Employee Benefits Consultant at 10X Investments. Almost 10 years after National Treasury embarked on its mission to strengthen South African retirement savings, as reflected in the Taxation Laws Amendment Bill of 2020, the final reforms are scheduled to come into effect on March 1 but, unfortunately, fund members will still be free to sabotage their own retirement. As pertinent as some of these reforms are, they are unlikely to achieve the overarching objective, to “improve preservation … and ensure higher levels of income in retirement”.

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.