Legal Updates

FundsAtWork will from time to time make available legal updates that are of specific interest to members of the fund, participating employers and financial advisers.

2013

• Legal update 1/2013 - Preservation Funds 10 January 2013
• Legal update 2/2013 - The use of social networking sites
• Legal update 3/2013 - Retirement form proposal 13 March 2013
• Legal update 4/2013 - An employer’s legal obligation to pay contributions even during financial difficulties 14 May 2013

2012

• Legal update 1/2012 - Taxation Laws Amendment Act 2011 30 January 2012
• Legal update 2/2012 - Taxation of Unapproved Insurance Benefits 30 January 2012
• Legal update 3/2012 - Divorce - Media statement by National Treasury 15 March 2012
• Legal update 4/2012 - Beneficiary nomination form 22 March 2012
• Legal update 5/2012 - Transfers to and from foreign funds 26 March 2012
• Legal update 6/2012 - Strengthening Retirement Savings - Overview of the 2012 Budget Proposals
• Legal update 7/2012 - Section 13A_Due date for the payment of contributions 17 August 2012

2011

• Legal update 1/2011 - A foster child may be considered a factual dependant
• Legal update 2/2011 - Summary of the Consumer Protection Act
• Legal update 3/2011 - Budget speech retirement reform
• Legal update 4/2011 - Board notice 61 of 2011 - valuation exemption
• Legal update 5/2011 - Personal liability of board members of pension fund organisations
• Legal update 6/2011 - Divorce issues updated
• Legal update 7/2011 - Taxation of retirement fund lump sum benefits (including severance benefits)
• Legal update 8/2011 - Implications of the Consumer Protection Act on legal documents
• Legal update 9/2011 - Registration of trade names
• Legal update 10/2011 - Complaints: the Pension Funds Act and the Promotion of Administrative Justice Act
• Legal update 11/2011 - Consumer Protection Act – Exemption for the pension funds industry
• Legal update 12/2011 - Draft Taxation Laws Amendment Bill, 18 July 2011
• Legal update 13/2011 - Treating customers fairly
• Legal update 14/2011 - Deductions from pension benefits
• Legal update 15/2011 - Employer's compliance responsibilities in terms of Section13A and Regulation 33

2010

• Legal update 1/2010 - Termination of service and the impact on disability benefits
• Legal update 2/2010 - Section 13A of the Pension Funds Act: Payment of contributions and certain benefits to pension funds
• Legal update 4/2010 - Payment of death benefits - nomination of beneficiary forms
• Legal update 5/2010 - Eligibility for membership of a retirement fund and non payment of contributions and premiums
• Legal update 6/2010 - Tough penalties imposed by SARS for non-compliance by taxpayers
• Legal update 7/2010 - Insurable interest: umbrella and group insurance schemes
• Legal update 8/2010 - Effect of Section 197 transfers on retirement fund members
• Legal update 9/2010 - Consumer Protection Act - Update on possible changes to LTIA and impact on BAW
• Legal update 10/2010 - Section 37D deductions from pension benefits - damages to employer
• Legal update 11/2010 - Application and cancellation of tax directives
• Legal update 12/2010 - Conflict of interest
• Legal update 13/2010 - Transfers to preservation funds
• Legal update 14/2010 - Taxation of withdrawal benefits prior to retirement
• Legal update 15/2010 - Taxation Laws Amendment Act No 7 of 2010

2009

• Legal update 1/2009 - Revenue Laws Amendment Act
• Legal update 2/2009 - Beneficiary funds
• Legal update 3/2009 - Participation of subsidiaries or associated companies
• Legal update 4/2009 - Contributions to pension and provident funds
• Legal update 5/2009 - When is a divorce order binding on the fund?
• Legal update 6/2009 - Summary of Insurance Laws Amendment Act
• Legal update 7/2009 - Exclusion clause matrix between insurers
• Legal update 9/2009 - Summary of the Consumer Protection Act
• Legal update 10/2009 - Taxation of divorce order payments - current position
• Legal update 11/2009 - Divorce issues
• Legal update 12/2009 - Board Notice 14 - Regulatory reporting requirements for retirement funds
• Legal update 13/2009 - Directive PF No 4 - Dissolution of a fund
• Legal update 14/2009 - Compulsory membership
• Legal update 15/2009 - Protection of Personal Information Bill 2009
• Legal update 16/2009 - Momentum Unclaimed Benefits Pension and Provident Preservation Funds
• Legal update 17/2009 - Taxation Laws Amendment Act No 17 of 2009
• Legal update 18/2009 - Deductions - Paragraphs 5 & 6 of the Second Schedule to the Income Tax Act
• Legal update 19/2009 - Fund-to-Fund transfers - Income Tax Act
• Legal update 20/2009 - Death benefits - presumption of death
• Legal update 21/2009 - Preservation of secrecy and disclosure of member details to SARS, in terms of the Income Tax Act