5 things South Africans still misunderstand about retirement reforms

(Click here for more articles from "The Money Show".)

Mike Wills interviewed Michelle Acton, principal consultant at Old Mutual Corporate Consultants.

Acton discussed five misunderstandings about retirement reforms.

Scroll down for quotes from the audio below.

This legislation doesn’t affect resignation benefits at all. If you resign today you will still be able to access your money in cash.

Michelle Acton

These changes only impact new money added after 1 March.

Michelle Acton

These funds are independent entities. They’re not managed by government.

Michelle Acton

The intention of this is that it only impacts those still far away from retirement.

Michelle Acton

Retirement funds are very tax efficient. These changes make it even more so.

Michelle Acton

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
5 reasons why the tourism industry is sceptical about the latest numbers

5 reasons why the tourism industry is sceptical about the latest numbers

The tourism industry is questioning the veracity of the surprisingly upbeat tourism figures and the timing of their release.

5 biggest tech trends from the 2016 Consumer Electronics Show in Las Vegas

5 biggest tech trends from the 2016 Consumer Electronics Show in Las Vegas

The Consumer Electronics Show in Las Vegas has kicked off. Bruce Whitfield interviews EWN tech reporter Aki Anastasiou.

5 steps you need to take to ensure financial wellbeing in 2016

5 steps you need to take to ensure financial wellbeing in 2016

Make it your New Year’s resolution to follow these five step presented by financial advisor Warren Ingram.

5 biggest business news stories of 2015

5 biggest business news stories of 2015

Bruce Whitfield interviews Financial Mail Deputy Editor Rob Rose about the five leading business news stories of the year.

5 things South Africa should consider for an economic plan

5 things South Africa should consider for an economic plan

The Money Show’s Bruce Whitfield interviews Lorenzo Fioramonti, Professor of Political Economy at the University of Pretoria.

5 lessons Mexico can teach South Africa about reviving manufacturing

5 lessons Mexico can teach South Africa about reviving manufacturing

The rise of Mexico seems unstoppable. The same can happen in South Africa, says Dr Lyal White (Gibs).

5 reasons why MTN lost its sparkle (according to TechCentral)

5 reasons why MTN lost its sparkle (according to TechCentral)

The sparkle is gone, says TechCentral Editor Duncan McCleod. Here’s why…

Popular articles
[LISTEN] New Visa regulations could change the face of South African tourism

[LISTEN] New Visa regulations could change the face of South African tourism

Lecturer at TUT's Dept of Tourism, Unathi Henama says that the tourism sector is at the center of the economic policies in SA.

10 killed in Limpopo bus accident

10 killed in Limpopo bus accident

Russel Meiring says it is understood that the bus overturned on the N1 highway between Polokwane and Mokopane.

How to get rich by investing in smoking hot US and Canadian dagga shares

How to get rich by investing in smoking hot US and Canadian dagga shares

Returns of 500% are not unheard of. Is this another crypto-like bubble? Not in the least, says Financial Advisor Warren Ingram.

[Watch] Dad breaks down when reunited with car sold to pay wife’s bills

[Watch] Dad breaks down when reunited with car sold to pay wife’s bills

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.

[WATCH] Is it a cow's penis or an udder? Well, this kid thinks it's a penis

[WATCH] Is it a cow's penis or an udder? Well, this kid thinks it's a penis

Check out the videos, tweets, Facebook posts that have gone viral and why this kid cheered her dad on in the toilet.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...