Treasury is considering allowing those who lost income during the Covid-19 pandemic to withdraw from their retirement funds.Readers have weighed in on the government's proposal to allow pension fund members to access a portion of their savings to help them keep their heads above water amid the Covid-19 pandemic.
Finance minister Tito Mboweni said this week that Treasury was in talks to allow those who lost their income during the Covid-19 pandemic to withdraw from their retirement funds. “National Treasury is in discussions with Nedlac on a proposal for limited withdrawals from retirement funds for those losing part of their income during the Covid-19 pandemic.
“Government continues to engage with trade unions, regulators and other stakeholders to discuss how to allow limited withdrawals linked to tightening preservation by closing current loopholes, and also to expand coverage so that all those employed or earning an income are required to put aside a small proportion for saving for their future,” he said.this week asking readers if people should be allowed to access a portion of their savings to help pay off debt.
Seventy-four percent said they need the money now or they might not make retirement age, while 14% said they did not want to risk living in poverty in their old age.On social media,If conditions are sound, yes, but if it will be treated with heavy tax hand like that of early pension, no.”Where is the 570 Billion.
It will be great to have government consider our challenges in that level and release pensions to help us overcome them
I'm happy to join those who are sharing the good news about shantelll_142 . I'm not persuading anyone to trade with her but i advise every investor to make the right choice with shantelll_142 i got my withdrawal safely without any interruption.
Fix debt review and this won't be necessary. 2cWorth
The said proposal might be quite problematic due to the fact that South Africa doesn't have a culture of saving, but spending.
They said it's a hoax or fake news. They keep on saying that.
For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Blakescott64 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
’Flawed scientific papers worsening Covid-19 misinformation crisis on vaccines’Some of the biggest scientific journals have retracted papers related to the coronavirus crisis, and even a limited number of faulty studies can cause extensive damage online.
Source: IOL - 🏆 46. / 51 Read more »
Covid-19 anti-vaxxers face being hit with increased Discovery premiumsRefusal to be vaccinated will be treated similarly to smoking or lifestyle diseases such as diabetes, says insurer That's unconstitutional. Haaaah Just cancel the damn policy in large numbers & see who begs? Consumers don't even understand their power. Let them accept the responsibility of any side effect from the vaccine before they dare speak of a mandated crap. If you impose, you accept the cost of side effects. Fair?
Source: TimesLIVE - 🏆 28. / 59 Read more »
Source: TheCitizen_News - 🏆 6. / 75 Read more »
Rethinking the Covid-19 pandemicThe Covid-19 pandemic has significantly changed the world globally. There have been more than 193 million confirmed cases of Covid-19 so far, including more than 4 million deaths. Yes, it's all a lot of you know what. Trading has been a lot more easier with Mr James I invested $500 and I got $5,150 in just 5days of trade , her transparency and accountability has always been the best . GialuigiV Getting down close to the origin of the virus which will then abolish the vaccines
Source: IOL - 🏆 46. / 51 Read more »
Shona Ferguson has died of Covid-19-related complicationsShona Ferguson died on Friday For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to her _Johnson56 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success Sometimes, life pushes you to do what you never wanted to do. I never wanted to venture into trading bitcoin but I had no choice with the tough situation in life than doing it with Ethans_Rolands and it was awesome and unbelievable with the massive cash out.🚀🚀💰💰 How many times are you going to tweet this?
Source: TimesLIVE - 🏆 28. / 59 Read more »
Source: City_Press - 🏆 7. / 72 Read more »