Archives of #Employee Benefits

Do not take monies that are meant for your older self…

Do not take monies that are meant for your older self… -Letlhogonolo Lesiba (Director, Cornerstone Employee Benefits) It’s a sad reality that too many individuals still fall into the trap of cashing out their pension funds early and sometimes losing hundreds of thousands in the process – not to mention the compound interest that they […]

The evolution of retirement funds in SA and what to expect in the future

The evolution of retirement funds in SA and what to expect in the future -Letlhogonolo Lesiba (Director Cornerstone Employee Benefits) The recent implementation of the retirement fund default regulation has sparked a lot of interest among the public around retirement funds, particularly the history behind the rules and regulations that govern the management of these […]

Leaving funds to minors: what you need to know

Leaving funds to minors: what you need to know -Letlhogonolo Lesiba (Director Cornerstone Employee Benefits) South African legislation states that any child below the age of 18 is not allowed to inherit lump sum pay-outs or other assets directly. The reasoning behind this is straight forward; minor children do not have the legal capacity or […]
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