Tax treatment of retirement fund contributions


Government has agreed to delay the implementation of laws which was originally set for 1 March 2015. For now, the delay will be for a year to allow for further consultations at NEDLAC. But should there be no agreement at NEDLAC by end-June 2015, the implementation date may be moved to 1 March 2017. This comes after the labour constituency at NEDLAC requested that the implementation of these laws – enacted last year – be postponed until further consultations between Government and NEDLAC on social security reform.

National Treasury revised draft

Communication to members regarding the National Treasury Draft