News

Published on 20 June, 2023

National Treasury and the South African Revenue Service have released the revised 2023 Draft Revenue Laws Amendment Bill and 2023 Draft Revenue Administration and Pension Laws Amendment Bill for public review and feedback. These draft bills include the necessary legal changes to implement the initial phase of the “two-pot” retirement system...

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Published on 8 June, 2023

At this stage you might be familiar with the term Retirement Reform, but many of you might still be uncertain of when you should be acting with regard to planning for your retirement and what you should be doing...

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Published on 8 May, 2023

In March we communicated on the judgment handed down by the High Court of South Africa (Gauteng division) in February 2023, ordering the review and setting aside of the Retirement Fund Collective Agreement (RFCA)...

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Published on 8 March, 2023

In 2022 we communicated on the Rationalisation of Retirement Funds and the much-anticipated window period that would allow employees the freedom to choose a retirement fund they want to belong to.

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Published on 3 March, 2023

The rates of tax payable on retirement fund lump-sum benefits have been adjusted and are proposed to be effective as from 1 March 2023. All the benefits will be adjusted upwards by 10% to compensate for inflation and will provide for a slightly higher tax-free portion on retirement and resignation lump-sum benefit payments.

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Published on 14 February, 2023

The Health Heroes service can assist members and their qualifying family members with counselling and support services in their personal life and at work and is available 24 hours a day, seven days a week, 365 days a year.

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Published on 9 February, 2023

The NFMW received a clean audit for the 2021/2022 financial year, confirming that the Fund’s financial statements are free from material misstatements and there are no material findings on reported performance objectives or non-compliance with legislation.

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Published on 22 December, 2022

On behalf of the Board of Trustees and all the NFMW staff members, I would like to take this opportunity to wish you and your loved ones a wonderful holiday season and a prosperous 2023!

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Published on 7 December, 2022

The NFMW Integrated Report (IR) is now available and provides a holistic and in-depth account of the Fund's activities for the year under review (1 July 2021 to 30 June 2022) including detailed information on management, governance, operations and investments.

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