Read more on how the 2022 Budget Speech affects you.
In terms of a so-called two pot system, which is expected to be implemented in 2023, retirement contributions will be restructured into two pots.
The Financial Sector Conduct Authority (FSCA) on 15 February 2022 advised that a draft Conduct Standard on the payment of retirement fund contributions, together with supporting documentation, was submitted to Parliament on 8 December 2021
Life for South African consumers is far from back to normal, as a number of surveys attest. For the average consumer, income levels are down, savings are down, and debt levels have risen.
The following legal updates were publish by The Sanlam Corporate Legal department for your attention.
Sanlam Corporate’s implementation of the legislation for POPIA.