This paper discusses the distribution and payment of the death benefit in terms of section 37C of the Pension Funds Act. The distribution of benefits payable on the death of a member of a pension fund is regulated by section 37C of the Pension Funds Act. This section was introduced ...
South African National Roads Agency Ltd and National Roads Act and Regulations (7/1998) Release 26 Tue 11 SA National Water Resources Infrastructure Agency SOC Limited Act (34/2024) Release 2 Mon 10 Companies Act and Regulations (71/2008) ...
SARS will review what changes need to be made to the Income Tax Act to cater for the extra income from electricity sales. The City of Cape Town has said it will be able to pay cash for power fed into the local electricity grid from June 2023. ...
In practical terms, a South African bank will not transfer funds unless it is from a South African account. However, if the proceeds are from a retirement fund (retirement annuity, pension or provident fund), the Pension Funds Act prohibits payment into a third party account. This is because...
In practical terms, a South African bank will not transfer funds unless it is from a South African account. However, if the proceeds are from a retirement fund (retirement annuity, pension or provident fund), the Pension Funds Act prohibits payment into a third party account. This is because...
South African Households Annual Changes (R billion) in Net Wealth, Financial Assets and Debt. Source; SA Reserve Bank Investec Wealth & Investment. Posted onApril 29, 2024AuthorBrian KantorSA Economy Private over public equity- a winning strategy?
Amongst these incidental matters are the retirement fund and death benefits. However, the Act does not make mention of the disability benefits in its context. Against this background, this paper examines the importance of the disability benefits by retirement funds in the South African context. ...
Under governance-related factors captured in the CVS, South Africa scores below average on a composite index of six World Bank Worldwide Governance Indicators, although nevertheless stronger than the average performance of sub-Saharan African peer nations. Furthermore, Scope evaluates institutional risks...
Required: (a) Calculate the employees tax withheld and paid to the South African Revenue Service (SARS) by BC Group for the year of assessment ended 28 February 2014 in respect of Samantha's employment. (11 marks) (b) Calculate the normal tax liability due by, or refund due to, ...
Pension Funds Act, which allows 10% of pension assets to be invested in private equity, up from a previous 2.5% allocation. According to a recent survey carried out by the Southern African Venture Capital and Private Equity Association (Savca), pension and endowment funds’ contribution to ...