IRF Submission on 2011/2012 Budget proposed changes on Retirement Funds
May 22 2011
2011/2012 Budget proposed changes on Retirement Funds
In our meeting held on 15 April 2011, the IRF was invited to submit comments and concerns regarding the impact of the Budget proposals on retirement funds. We thank you for your willingness to engage with the Industry and shall expand upon any of the matters raised below should further clarification be required.
Savings Culture
The IRF submits that retirement funds play a primary role in savings as it is the most important savings vehicle for the majority of retirement fund members or formally employed citizens in South Africa. Therefore the IRF supports the policy .......
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