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2018-11-1614.168118.173416.0963

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Your Fund, Your Saving, Your Future

LATEST NJMPF NEWS & ARTICLES

NOTIFICATION OF ADMININISTRATION FEE INCREASE ON FNB SMART HOUSING PLAN LOANS
FNB Loans wishes to advise the Fund of the Bank’s intention to increase the monthly Administration Fee on housing loan accounts…read more

NJMPF MEMBER NEWSLETTER
Your quarterly news update – September 2018
Welcome to the Spring 2018 issue of the Member newsletter.
The good news this quarter is that the NJMPF has once again received a Clean Audit from the Auditor General. Good Governance is an important part of any organisation and the NJMPF is especially aware of ensuring that your retirement savings are well looked afterread more

NJMPF PENSIONER NEWSLETTER
Your quarterly news update – September 2018
Welcome to the Spring 2018 issue of the Pensioner newsletter.
The good news this quarter is that the NJMPF has once again received a Clean Audit from the Auditor General. Good Governance is an important part of any organisation and the NJMPF is especially aware of ensuring that your retirement savings are well looked after…read more

NJMPF PENSIONER NEWSLETTER
Your quarterly news update – July 2018
Welcome to the second issue of the Pensioner Newsletter for 2018. The Financial Services Board (FSB) has formally taken up its new mandate as the Financial Sector Conduct Authority (FSCA), effective 1 April 2018….read more

TIPS ON HOW TO SAVE OF TAX DEDUCTIONS DURING FILING SEASON

South African Revenue Service (SARS), may have shortened the 2018 Tax filing season, however that does not mean that you cannot save on tax deductions…..read more

NJMPF MEMBER NEWSLETTER
Your quarterly news update – June 2018
The Financial Services Board (FSB) has formally taken up its new mandate as the Financial Sector Conduct Authority (FSCA), effective 1 April 2018. This marks the formal implementation of the Twin Peaks model of financial sector regulation...Read More

 

FINANCIAL LITERACY

01 October 2018 – SARS

The South African Revenue Service (SARS) is mandated by the South African Revenue Service Act (1997) to collect all tax revenues that are due, to provide a customs service, to protect national borders and to facilitate trade. SARS also works to expand the pool of tax contributors by promoting awareness of obligation to voluntarily comply with tax and customs laws. SARS aims to conduct its activities in a way that enhances economic growth and social development. SARS reports to the Minister of Finance.

01 October 2018 – Income Tax Treatment

What constitutes Gross Income as defined. In the case of any resident, the total amount, in cash or otherwise, received by or accrued to OR in the case of a non-resident, the total amount, in cash or otherwise, received by or accrued to from a source with the Republic, during the period of assessment, excluding receipts or accruals of capital nature, but including such amounts,(special inclusions).

28 August 2018

Aggregate Efficiency – Is economic efficiency that implies an economic state in which every resource is optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency. When an economy is economically efficient, any changes made to assist one entity would harm another.

27 August 2018

Net Replacement Ratio (NRR) – An individual’s projected pension at retirement and is expressed as a percentage of that individual’s annual pensionable salary earned in the year before retirement. The NRR is the comparison between your last salary at work and your first pension in retirement.

20 July 2018
Gross Domestic Product (GDP) is the monetary value of all the finished goods and services produced within a country’s borders in a specific time. Though GDP is usually calculated on an annual basis, it can be calculated on a quarterly basis as well (in South Africa, for example, the government releases an annualized GDP estimate for each quarter and for an entire year).

 

Total Assets

R20 Billion+

Current Members

21 000+

Pensioners

9000+

Your Funds

The Fund administrates 3 Funds namely; the Superannuation and Retirement Fund which are Defined Benefit Funds, and the Provident Fund
which is a Defined Contribution Fund.