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Controversial pension rule law passes first amendment

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(iStock)
(iStock)

Cape Town  The government had no intention of nationalising pension money through new pension withdrawal rules, Finance Minister Pravin Gordhan said in the National Assembly on Tuesday.

Gordhan was replying to concerns raised during a debate on the Revenue Laws Amendment Bill.

The Bill was referred to the National Council of Provinces on Tuesday in the first step towards amending some provisions of the Taxation Laws Amendment Act after an outcry from unions over new pension withdrawal rules.

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