EZYFIND Apps for
Generally, retirement fund plans are subject to the regulation and supervision of the Pension Funds Act 24 of 1956. Those that are not subject to the Act are state-guaranteed funds established under other specific statutes including the Government Employees Pension Fund and three funds established in terms of the Transnet Pension Funds Act. The main aim of a pension or provident fund is to provide benefits for its members when they retire from employment. The fund also generally pays benefits when a member dies while still working, or is unable to work because of illness, or is retrenched. Difference between a pension fund and a provident fund: The main difference is that if a pension fund member retires the member receives one third of the total benefit in a cash lump and the other two thirds is paid out in the form of a pension over the rest of the member’s life. Whereas, a provident fund member can get the full benefit paid in a cash lump sum. Advantages and disadvantages of a pension fund and a provident fund: One disadvantage of a provident fund is that you may spend the lump sum very quickly. An advantage would be that a provident fund member can also qualify for state pension in certain cases. An advantage of a pension fund is that better tax benefits are offered to the worker. A worker’s contributions to a pension fund are deductible for tax. A disadvantage of a pension fund is that if a person receives private pension, that person is disqualified from receiving a state old-age pension. The primary regulatory authorities are: • the South African Revenue Service, which enforces compliance by employers, funds and their members with tax laws; • the Financial Sector Conduct Authority; • the Prudential Authority. The latter two authorities supervise and enforce compliance with laws relating to the financial soundness of financial institutions and the fair treatment of financial sector customers. ___________________________________________________________ Hi, I’m Kailash Pillay, an attorney from the city of Johannesburg. My passion for the law stems from a desire to improve upon the lives of the vulnerable who fall prey to a corrupt system. I studied at the University of Johannesburg where I obtained my Bachelor of Laws degree, the starting point to the long journey of becoming a legal practitioner. This profession has taught me to persevere through the complexities of the law and to continually develop my skills as a legal professional.
Experience Empowerment. Moni Attorneys Incorporated is a boutique firm of Labour Law specialists who aim to add real value at a fraction of the price. Founded in 2003 Mon...
DYB Attorneys is a next generation, dynamic and innovative attorney firm. We are focused on achieving the best results for all of our clients. Our clients needs and expec...
Cullinan and Associates Incorporated (“Cullinans”) practises exclusively in the field of environmental, sustainable development and green business law and its team of ten...
IVan der Spuy (Western Cape) Inc. trading as Van der Spuy & Partners is a law firm in Paarl. We have a long standing reputation of providing professional and quality serv...
MacRobert Incorporated is a national practice having offices in Pretoria, Cape Town and Durban. The history of the firm goes back to 1896 when Norman MacRobert, Frederick...
At Anthony Wilton, Thinane Inc, we pride ourselves on service excellence. We create workable solutions by applying expert knowledge to each case, in our client’s best int...
At Greyvensteins Attorneys, we constantly strive towards delivering the most efficient service we can offer, developing personal and loyal relationships with our clients,...
Our aggressive, professional approach to litigation and commercial matters was established by our firm's founder and has been maintained to ensure great client satisfacti...
After practicing as a general litigation attorney for approximately 10 years, Burger Malherbe started Malherbe Attorneys as a specialist family law firm, and his main pra...
Doman Attorneys Inc was established by Hermie Doman who has more than 20 years experience as an Attorney, Conveyancer and Notary Public. Through our service we give value...
The Law Practice of Tracey-Leigh Wessels & Associates specialises in all areas of Family Law and Family Mediation. Services offered include : Divorce Mediation ; Family...
Kruger & Partners Incorporated was founded in June 1954 by the late Mr W. van Deventer, who was later appointed as a judge in the Cape Provincial Division of the High Cou...
The firm's principal practitioner, Raymond Reichman-Israelsohn, has been in the legal profession since the early 1960's, was Military Law Officer in the South African Def...
Munro Flowers and Vermaak will fight for you! Our staff are helpful, professional and have the knowledge to steer your case in the right direction - best of all, we work ...
The firm Pupuma Mathalia Engelbrecht was established in 1991. We are one of a selection of firms in South African that specialize exclusively in Conveyancing. We have a ...
A letter to the Registrar of pension funds from the manager confirming that name change has been effected.
Need help? 24/7 Support online chat.
Phone: 011 056 9123
Email: info@ezyfind.co.za