Retirement reform update: Major change in the employee benefits space
22 September 2014
Posted by: Author: KPMG South Africa
Author: KPMG South Africa
Retirement Reform changes effective from 1 March 2015.
These changes will affect all employers and members contributing to a retirement fund, as well as provident fund members exiting that fund.
Are you currently contributing to a retirement fund, or are you in some way (employer, trustees, principle officer, fund administrator, CFP) responsible for those who do? Do you have a roadmap of what lies ahead, and are you ready?
KPMG will be hosting a breakfast and workshop to help you prepare your roadmap and give you the tools that you need to meet the 1 March 2015 deadline. Considering that most employers and trustees have not discussed the changes with fund members it comes as no surprise that there is a lot of misinformation spreading in the workplace.
The presentation will be followed by a workshop lead by Beatrie Gouws, the previous Director for Personal and Income Tax and Savings for the National Treasury. Whilst at National Treasury, Beatrie was responsible for designing the tax changes becoming effective from 1 March 2015.
Find out how the changes affect you and what you need to communicate. Be pro-active.
Please click here to read more.
This article first appeared on kpmg.com.