National Retirement Fund Reform Document

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National Retirement Fund Reform Document
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• Appreciation
• Overview
• Consultation with industry, input from retirement
  funds and feedback to National Treasury.

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• Access
• Compulsory provision versus voluntary
  participation
• Employer provides vehicle or payroll facility
• Compulsory eligibility for defined class
• Voluntary savings ratio
• Minimum or no retirement funding contribution

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• National Savings Fund
• Participation
• Means Test
• Retirement Fund Tax

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• Preservation and Portability
• Support preservation and recognition of life
  crisis
• Access subject to penal tax rate
• Housing loan default access to cash on
  withdrawal?

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• Pension/Provident Fund debate
• Retention of vested rights or phasing in

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• Trustee training
• Upskill to minimum levels
• Stagger process of trustee replacement on boards
  of funds
• Skills levy
• Standardization, centralization and overall
  co-ordination of trustee training

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• Other supporting issues
• Socially Responsible Investments
• Taxation review
• HIV Support