A green paper has just been published by the Department of Social Development which proposes to force all South Africans to pay 12% of earnings into a state managed fund. The new National Social Security Fund will aim to enlarge the country’s social safety...
So National Treasury are working out a way to access your retirement fund in an attempt to help those that are financially destitute in the aftermath of the COVID19 epidemic. The current position If you leave your employment you can cash in on your pension or...