Following President Jacob Zuma’s new tax legislations, tax expert Matthew Lester has been unpacking the changes and potential benefits. He says there are a lot of consequences coming from the latest tax and preservation amendments and applied correctly, the package provides a range of new opportunities. – Stuart Lowman
By Matthew Lester*
The preservation playing field between pension funds and provident funds will be levelled from 1 March 2016. But the important point is that few employers could ever afford to go back to defined benefit pension funds. It’s a non-starter.