Cash strapped consumers hoping to withdraw some of their pension money while working won’t be able to do so until next year. The National Treasury has made that clear. #eNCA Business Editor Devan Murugan speaks to Treasury Deputy Director-General Ismail Momoniat about this #DStv403…(read more)
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Why have the pensioner not notified about the new constitution rules but the ANC will keep qite about it
Don't say Covid circumstances___we have been going to short time for weeks and months then nothing concrete from Dept of Labour even if get money….they pay you from.R30-R80 a day whilst we've never accessed our for 16years…..
Why can’t municipal employees be allowed to borrow from municipalities instead of going to the bank . If i want a house the municipality should pay for my house cash by means of loan with 0% interest rate . Then they deduct that money in my salary for 20-30 years instead of giving us this useless house allowance they tax . That way you also encourage people to not leave you as an employer . Same thing should apply when buying a car . You shouldn’t be going to the bank if you work for municipality. They must pay for your car cash then deducted with 0% interest in your salary . They’ll secure those loans with your pension should you decide to terminate your employment with them .
I think for example lets say i have accumulated about R900 000 we can go to the bank and buy a house of R1m maybe and they take R700 000 or R500 000 from the depf then be financed the remaining
The truth should be told. Officials in power knows very well that government employees are drowning in debts. I think they think narrowly when they fail to allow ppl to withdraw enough withdrawal. We even opt to resign to access the funds and risk being unemployed bcz there is no difference in our financial situation. We should be allowed to access the money so we can pay off our depts. Or those who need houses should be given opportunity to buy a house using the funds in gepf. We are unable to afford houses and not allowed to have rdp houses.
Take all out ANC going to loot it
Do not just seat and do nothing when an investment opportunity comes. Most millionaire investors you see and admire today, didn’t make it by wasting time or waiting on others before investing
Why does the GEPF not pay pensions at all? What is the point of having a pension fund if you get nothing at all when you retire?! Where is the pension fund money?
I want to withdraw my funds because I do not want to continue working for government. I want to do something else.
Nevermind a partial withdrawal….I have been waiting since 2018 for my full pension to be paid out and then the GEPF ignores me with no reason. Then, put of the blue, the GEPF contacts me again in 2020, I send all my details to them, they contravene the POPI act and share my info with a third party without getting my prior consent. I am told that they would contact me….that was two weeks ago and it appears they are doing everything to delay my pension to be paid. How is this right? I sent every form they requested as well as supporting documents (certified and all) in the format required by the GEPF via registered mail. They received my paperwork in June 2021 and here I am still waiting. As said…this is my complete pension…money I paid and no longer employed so how is it justified that I (I am sure there are more individuals in the same boat) this is acceptable?
There is that Indian guy I think he is called Surve or something he made a deal with Matjila and got about R5 Billions of our gepf so y can't we withdraw our own monies when it's being squandered left right center
Struggling now and struggling at 65 years is the same.Hunger nw is the same as hunger in the future.
At least allow people to access a portion of their pensions.
I saved my own money when I resigned in 2010 and now they telling me stories, I want my money.
This government must now leave it's podium with all its thugs. Everything they touch turns to dust. We don't care about your rules anymore.
This person is not talking sense. What's there to save in this economy. People should just have access.
Future taxes will always be higher…
I need some liquor money please. Need to stock up before next lockdown
Let me withdraw my money in peace, please. I will see what to do when I retire.
What about borrowing from one's pension fund?
What of those who lost parents while in service almost over 3years we have been applying for pension..? But still nothing
The funds are gone.
Just allow workers access to their money while still alive coz #I_Blew_It gang will destroy it.
They won't let us withdraw from GEPF cos our monies have been used to fund nonsense so now should we want some it they will be exposed.
Australia allowed everybody R25 000. Their economy picked up swiftly.
some of us wont even live to see how hard earned pension , dont sweet talk us into thinking that government cares for us , they definetly dont , SARS TAXES US SOOOOOOOOOOO MUCH WHEN WE RETIRE AND THAT IS THE TIME WE NEED IT THE MOST , THAT IS PURE DAYTIME ROBBERY , PLAIN AND SIMPLE……WE HAVE NO CONTROL OF OUR OWN MONIES………IF I CAN ONLY AFFORD TO BUY A HOUSE WHEN I RETIRE YET THE EVER GREEDY SARS TAKES A HUGE CHUNK AND THEN GOVERNMENT FORCES ME TO BUY AN ANNUITY AND THEN GIVES ME A PITTANCE OF MY PENSION MONTHLY , HOW DO WE SURVIVE?????????
Pension funds have performed poorly in the past. Can we ask treasury about this and can we tap on the investment benefits of the PIC?
What about dying before retirement,who wins ?
we struggling now………not 2022
Covid is NOW!! Not 2022!? We are struggling now not later!
The money belongs to the ppl and not the STATE . Everyone should withdraw there money and should invest it somewhere els . This so called government are in the proses of controlling the ppl of this country . The ppl of this country needs a new government were the voters has the say and not ANC gang looting the coffers with billions
Do we remember what happened at ZIM with pension, myb Tito Mboweni is opening our eyes. Myb our economy is dying, once it dye we loosing our pension. We must learn to read a close book
THIS IS A BAD IDEA!
R we kids now that we r instructed to access our pensions…we r treated like puppets
Save your pension ……. Then government will implement prescribed assets policy … and take it from you. Lol
Answer me please, are RA's included in these suggestions
Short terms solutions now please
These are unprecedented times the withdrawal or a percentage thereof is imperative. Even working individuals are in major income declination and need reprieve immediately!