DOCS , FEEDBACK AND UPDATES

The South African Policing Union was asked to submit a response regarding the publication on

of the draft legislation on for the “Two Pot” Retirement System open for public comment of 09

June 2023.

The revised 2023 Dra Revenue Laws Amendment Bill incorporates the following key tax

proposals that were mentioned in Chapter 4 of the 2023 Budget Review:

· Implementation on date of the “Two Pot” retirement system.

· Proposal for seed capital.

· Legislative amendments to include defined benefit funds in an equitable

manner.

· Treatment of legacy retirement annuity funds.