Administration updates
What happens when an employer terminates its participation in the Sanlam Umbrella Fund and the Sanlam Futura Umbrella Retirement Fund?
In tough financial times, cash flow challenges are a reality for many of the employers participating in a retirement fund. These challenges may force an employer to consider reducing contributions or terminating the...
March 2015 version of The Fund in Detail
We are releasing herewith the March 2015 version of The Fund in Detail document. Employers are advised to discuss with their consultants the effect that any changes might have.Summary of UpdatesDownload the new version...
Compulsory membership to a pension and/or provident fund
When is it compulsory for an employee to join his/her employer’s pension/provident fund?In terms of the Income Tax Act, a new,
2015 Annual Revision
The annual revision due at 1 March 2015 for the Sanlam Umbrella Pension Fund, the Sanlam Umbrella Provident Fund and the Sanlam Futura Umbrella Retirement Fund has now been finalised. E-mail communication was sent on...
Implementation of T-Day postponed
By now you would have heard about the retirement tax reforms that were supposed to take effect on 1 March 2015