News

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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Published on 11 November, 2022

Asset TV, a global video research and learning platform for investment professionals, conducted an interview with our Principal Executive Officer. In the interview Leslie talks about the NFMW celebrating 25 Years of service to our members and shares a piece of our journey and how things have evolved over time.

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Published on 29 September, 2022

In the August edition of our news update we looked at the proposed draft Revenue Laws Amendment Bill that was published by National Treasury and the South African Revenue Service on early access to retirement savings and compulsory preservation.

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Published on 16 August, 2022

On 29 July 2022, National Treasury and the South African Revenue Service (SARS) published for public comment the 2022 draft Revenue Laws Amendment Bill (Bill). This Bill contains proposed amendments dealing with the “two-pot” retirement system which is aimed at enabling South Africans to save for non-retirement purposes i.e., emergencies through their retirement funds, whilst preserving more savings for their retirement.

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