COSATU disappointed that some pension funds chose to exploit two-pot system by charging unnecessary fees for withdrawals
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GUEST – Matthew Parks - COSATU's parliamentary coordinator,
The Congress of South African Trade Unions (COSATU) said it was disappointing that some pension funds had chosen to exploit the two-pot pension system by imposing unnecessary fees on members.
Since coming into effect earlier this year, the South African Revenue Service (SARS) has received 2.2 million applications for withdrawals worth billions of rands.
The Congress of South African Trade Unions (COSATU) said it was disappointing that some pension funds had chosen to exploit the two-pot pension system by imposing unnecessary fees on members.
Since coming into effect earlier this year, the South African Revenue Service (SARS) has received 2.2 million applications for withdrawals worth billions of rands.