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Pravin Gordhan, South Africa’s Minister of Finance is expected to announce in his Budget speech later this month the substantial reform of the tax concessions currently available to individuals with respect to their pensions and savings.

The new ‘Two-Pot' retirement system came into effect on 1 September 2024 changing South Africa's retirement savings structure to improve financial security and encourage long-term retirement savings.

Under the proposed new rules, employer contributions to any retirement fund will be taxable in the hands of the employee for whose benefit they were made.

The Ombud Council published the Ombud Council Rules for the Pension Funds Adjudicator, 2026 (the "Rules")...

In a decision handed down by the Eastern Cape Division of the High Court in Blue Crane Route Municipality v Municipal Workers Retirement Fund and Another, the Court affirmed that the in duplum rule applies equally to statutory interest owed under the Pension Funds Act ("PFA").

In the case between Mr Tsietsi Philemon Mashola and Mrs Makwena Delina Mashola, the Supreme Court of Appeal was tasked with determining whether, following their divorce...

Since minister Mandisi Mphalwa's embargoed briefing on the revised Codes of Good Practice under the Broad Based Black economic Empowerment Act (BEE ACT) on 24 June 2005, much has been made in the media of the purported exclusion of so-called "indirect ownership" in those Codes.

The Registrar of Pension Funds' locus standi to review the decisions of the Appeal Board in South Africa.

The next few months are going to be very busy for retirement funds and their administrators. This is because the new tax rules regarding the annuitisation of provident funds...

Below, please find issue 130 of ENS' tax in brief, a snapshot of the latest tax developments in South Africa.

A South African court examined whether an employer could recover over R2.5 million in salary payments from a former employee's pension fund, alleging he failed to work for nearly three years. The case tested the limits of statutory protections for retirement benefits and the evidentiary burden employers must meet when seeking to access pension funds under section 37D of the Pension Funds Act.

"… no legal right to social security benefits and benefits are part of government spending program, no different in the eyes of the law than corporate welfare or farm subsidies".

Notable Tax Law updates covering South African case law, legislation, SARS and global tax developments.

Below, please find issue 129 of ENS' tax in brief, a snapshot of the latest tax developments in South Africa.

The Financial Services Tribunal handed down its decision in a reconsideration application instituted by Claire O'Connor, against Discovery Retirement Annuity Fund, Discovery Investment Retirement Annuity Fund and the Pension Funds Adjudicator.

On 31 July 2020, the National Treasury published the 2020 Draft Taxation Laws Amendment Bill, 2020 Draft Tax Administration Laws Amendment Bill and the 2020 Draft Regulations Prescribing Electronic Services ...

Below, please find issue 116 of ENS' tax in brief, a snapshot of the latest tax developments in South Africa.