Annuitisation of provident funds finally commences
By: Wesley Grimm, Joon Chong & Sam Varrie from Webber Wentzel From 1 March 2021, members of provident funds on retirement will have to buy an annuity with two-thirds of their retirement funding, bringing them in line with pension and RA fund members. The mandatory annuitisation of provident funds, which was first proposed in…
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