Delays in Processing Member Exit Payments
SARS has extended the turnaround time for issuing tax directives to 21 working days. Download PDF
IMPORTANT NOTICE
We urgently request all pensioners and members who bank with Ithala Bank to provide the Fund with new banking details. Download PDF.
Two-Pot Update
An update to members that submitted claims on their Two-Pot Savings Component. Download PDF.
Two-Pot Retirement Reform Update
As NJMPF continues to navigate the implementation of the two-pot retirement system, we want to provide you with an update on the current challenges and delays in processing claims. We understand how frustrating this may be. Download PDF
When will members have access to their retirement savings?
As it stands, the proposal submitted by the National Treasury recommends that the implementation date be moved from 1 March 2024 to 1 September 2024. The change in implementation date also comes with an increase in the Seeding Capital from R25 000 to R30 000. Download...
Retirement Reform: Early Access to Retirement Savings – Two-Pot System
The retirement funding industry has seen a lot of changes in legislation. What’s common in all the changes in legislation, is governments effort to encourage retirement fund members to save sufficiently towards their retirement, preserve their benefits and ultimately,...
NJMPF (SUPERANNUATION) & NJMPF (RETIREMENT) MEMBER AND PENSIONER REPRESENTATIVE TRUSTEE ELECTIONS
Your Fund has for years been on a journey to replace the racially discriminatory laws which established the Superannuation Fund and the Retirement Fund, and to update the legal framework relating to any historic discrimination in the regulations of its two Defined...
Financial Highlights
Like sands through the our glass, so is investing for your retirement future. Download PDF.
Additional Voluntary Contributions (AVC’s)
Considering that normal retirement age for NJMPF members is 65 years, a member that is currently 25 years old can anticipate to receive roughly 480 pay cheques before reaching retirement age. Sadly, majority of South Africans at the of age 25, with a retirement age of...
MARKET VOLATILITY AND YOUR BENEFITS
For many of us, investing and retirement planning are not our area of expertise. The market and world events sometimes make us question whether we need to be doing something to safeguard our retirement savings. Download PDF