Anneke Hanekom, head of reputation management and group CEO projects at Momentum, says many inquiring applicants decided against applying after they used the online calculators and asked their advisors and saw the large tax amount they would have had to pay.
Momentum received a total number of approximately 35 429 applications by Thursday, representing about 5% of its contracts.
The cumulative amounts of withdrawals applied for amounted to R8.6 million, excluding Metropolitan and Momentum Corporate.
"The large volumes of withdrawal requests placed a strain on our employees, but we put in extra hours and personnel to process requests, while our AI bots relieved much of the load.
"We prepared well in advance of 1 September in anticipation of a higher than usual volume we would receive and we managed well."
John Anderson, executive for solutions and enablement at Alexforbes, says the company went live with the two-pot retirement system on 3 September and immediately began processing withdrawal applications.
この記事は The Citizen の September 07, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は The Citizen の September 07, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
US blamed for expo row
Analysts warn exclusion could have dire consequences for SA down the line.
4900 visas for critical skills jobs
South Africa has a list of almost 150 jobs considered by the department of employment and labour (DEL) to be in short supply.
Nsfas to decentralise
Department welcomes move, plans to set up regional, satellite offices.
Lawsuits cost health billions
Investigations stop R3 billion in fraudulent claims, parliament hears.
City face Inter reunion
Manchester City are braced for their Champions League reunion with Inter Milan at the start of an expanded tournament that will be \"so tough\" for the 2023 winners.
League Cup no inconvenience
Manchester United manager Erik ten Hag insisted he still believed English football's League Cup remained a \"significant\" competition.
State of rates in Africa
Africa’s largest economies to make changes for first time in years.
RAF not about to 'implode'
»» Improvements not sustainable without legislative changes, says Letsoalo.
Can Superbalist grow?
Shein overtakes the SA retailer, while Bash is different kind of threat.
Crochet gets sex appeal
100% cotton yarn garments do not loose shape ina cold wash.