email : Webview : Bonitas to ‘return’ up to R700m to members

Click here to view this message in a browser.

Moonstone Monitor | 18 July 2024

IN THIS WEEK'S ISSUE

Top stories

•	SARS pays back R10bn, but some taxpayers’ refunds are being withheld
•	Bonitas plans to ‘return’ up to R700m in reserves to members
•	Pre-retirement savings withdrawals ‘make sense in certain cases’

In the news

•	Moonstone Compliance’s FICA webinar is fully booked
•	Optimism soars among small businesses despite challenges
•	More South Africans embracing offshore life insurance to hedge against rand depreciation, says Discovery
•	Pre-retirement withdrawals may cost RA investors dearly, Coronation warns
•	How NHI could cost employers and employees
•	Contravention must be ‘material’ to justify a debarment, Tribunal says
•	Head of Special Tribunal’s resignation impedes fight against corruption
•	SARB sanctions life insurer for FICA non-compliance

Learn with MBSE

•	CPD – We are an authorised CPD provider
•	Class of Business training
•	Short courses – Popia, NCA, Fica, Entrepreneurship
•	Accredited qualifications – NQF 4 to NQF 8

Careers Platform

•	Advertising packages
•	Industry positions
•	Moonstone positions

In Lighter Wyn

•	Meet my Portaloo

VideoSign Vertical banner 3 - 2021-04-29

Distributed to
41 376
subscribers

ADVERTORIAL

Two-pots is here (and in reality, this will be four pots), as opposed to the existing one-pot. How is it looking in your kitchen?

Fund members will require sophisticated fund administration accommodating the numerous alternative elective pre-retirement withdrawals of the Two-pots retirement system. They will also require additional - professional - counselling regarding the impact of premature pre-retirement withdrawal. Are you and your funds ready for this legislation?

Book a presentation with our CEO Gary Mockler to see how GTC can assist 13B administrators and benefit consultants with the relevant business processes associated with Two-pot.

Visit our website at www.gtc.co.za.

Taxpayers should inform SARS if they have been unemployed for a full year or longer, to avoid being flagged as non-compliant.

Bonitas plans to ‘return’ up to R700m in reserves to members

The medical scheme says it will use its reserves to limit contribution increases, while possibly improving members’ benefits and reducing co-payments.

Pre-retirement savings withdrawals ‘make sense in certain cases’

Preservation must be encouraged, but the reality is that a retirement fund is many South Africans’ only source of savings, says Alexforbes.

Top of Page

IN THE NEWS

Moonstone Compliance’s FICA webinar is fully booked

Please send us an email if you want to access a recording of the webinar.

Optimism soars among small businesses despite challenges

With the increasing adoption of cloud technology by small businesses, there is a growing need to raise awareness about cybersecurity risks. MBSE’s courses offer essential training to enhance cybersecurity knowledge and earn CPD points.

More South Africans embracing offshore life insurance to hedge against rand depreciation, says Discovery

The Dollar Life Plan provides protection against the high cost of specialised medical treatment or studying in a foreign university.

Pre-retirement withdrawals may cost RA investors dearly, Coronation warns

Withdrawing early effectively means you are borrowing from your future self over a fixed term at your expected rate of return on your RA investment.

How NHI could cost employers and employees

It is expected that scrapping the medical scheme tax credit will be the first measure designed to raise revenue for NHI.

Contravention must be ‘material’ to justify a debarment, Tribunal says

Decision set aside, although the FSP was correct in finding that the representative contravened the General Code of Conduct.

Head of Special Tribunal’s resignation impedes fight against corruption

Without an effective Special Tribunal, the Special Investigations Unit must approach the over-burdened High Courts to obtain asset forfeiture orders.

SARB sanctions life insurer for FICA non-compliance

The effective fine of R7 million and other sanctions follow an inspection conducted four years ago.

Top of Page

CAREERS PLATFORM - INDUSTRY POSITIONS

•	Commercial and Personal Lines Claims Administrator: Intellisure Insurance Brokers, Newlands,Cape Town. A highly competent full time Commercial and Personal Lines Claims Administrator is required by a well-established short term insurance brokerage to start immediately.

•	Insurance Consultant: Santam, Bellville, Cape Town. Santam Operations, Commercial Contact Centre have career opportunities available for Insurance Consultants. The insurance consultant role is focused on providing an end-to-end service and support to brokers.

•

Experienced Financial Advisor – Wealth Management: Morebo Wealth (Pty) Ltd, Braamfontein. Empower your growth, enjoy flexibility, maximize your earnings, and thrive with a supportive, entrepreneurial environment. We offer numerous growth and development opportunities within our diverse business units. Join us to build strong, lasting relationships and realize your potential.

CAREERS PLATFORM - MOONSTONE POSITIONS

•	For career opportunities currently available at Moonstone please click the button below.

Top of Page

IN LIGHTER WYN

Meet my Portaloo

Portaloo

Zombies

Sneak

Top of Page

Contact

Manage your preferences | Opt out using TrueRemove®
Got this as a forward? Sign up to receive our future emails.
View this email online.

This email was sent to walda@ida.co.za
Continue receiving our emails, add us to your address book.