Social grants, including old age and disability grants, increased by only R30 from R1,860 to R1,890 a month. “Given that their pensions would not be inflation-linked, we couldn’t possibly look at increasing rentals at this time, and this forces the organisation to further dip into reserves to continue functioning,” said Shamam. If you are older than 75 years, you will get R1 880. Information about the increase according to GEP law or pension increase policy: According to the GEP Law, the Fund’s stated aim is to grant annual pension increases on 1 April each year equal to: At least 75% of the year-on-year increase on the Consumer Price Index to the previous 30 November; plus SASSA can decide if your grant must be reviewed. Finance minister Tito Mboweni said at a virtual post-budget press conference last week government had “no reason to be apologetic” after raising social grants by less than the prevailing inflation rate. Please note: If you are too old or sick to travel to the office to apply, a family member or friend can apply on your behalf. While some political parties welcomed funding for the vaccine rollout and commitments to arrest the country’s runaway debt by 2025, others ... A dramatic drop in state and donor funding coupled with escalating Covid-19 expenses has left Durban's The Association for the Aged, which cares for ... Civil society organisations have criticised the government for its plans to reduce expenditure on health and even on critical programmes such as ... President's political backing crucial in face of pushback from ANC, ‘With R30 what can a person do?’ - Pensioners fear surviving on tiny grant increase. That is why the 2.5% ‘lock’ has come into play, meaning that is how much the State Pension will increase by from April 2021. It may take up to three months to process your application. The Association for the Aged (Tafta) has accused the government of failing to adequately support pensioners. Bereavement pensions – including survivor’s pension, child-raising pension and orphan’s pension. The Association for the Aged (Tafta) in Durban believes the government has failed to help support households headed by pensioners after the announcement of a R30 increase in old age grants. “The cost of everything has gone up. “If the current climate prevails, long-standing organisations like our own, who continue to carry the responsibility of the state to care for vulnerable elders, will be forced into making difficult sustainability decisions relating to services for vulnerable elders. If you receive your money through the bank, an institution or procurator, you are required to fill in a life certificate at the SASSA offices every year. 18 February 2021. The costs of rent, electricity and water naturally go up. By Samkelo Mtshali Jan 12, 2021. The South African Social Security Agency (SASSA) will pay the grant to you through one of the following methods: Note: If you are unable to collect the money yourself, you can appoint a procurator at the SASSA office, or give someone power of attorney to collect the grant on your behalf. Sub-Saharan Africa is forecast to grow by 3.2 per cent. The South African Social Security Agency (SASSA) will pay the grant to you through one of the following methods: cash at a specific pay point on a particular day electronic deposit into your bank or Postbank account (the bank may charge you for the service) Your bank statements of the previous three months. In the 2018 report, South Africa ranks in 28th place, having some good features but also major risks. We will be on the streets one of these days because of a mingy R30.”. How far will the R30 go to help us to cover these costs of living? the SASSA official will take your fingerprints. “This is, in part, due to the country’s high unemployment rate, exacerbated in recent months by the pandemic. The maximum amount that you will get is R1 860 per month. Proof of your income and/or dividends (if any). Ace's lifeline for Mkhwebane: ANC SG tells MPs to block impeachment motion, ConCourt and Zondo: endgame for Jacob Zuma, 'That meeting must happen': ANC, Zuma to finally have it out over Zondo defiance, Karim joins fight to have 'monstrosity' Durban high-rise building destroyed, 'He was aiming for my head': Key state capture witness survives dawn hit, Agrizzi bail conditions extended & amended as he's 'reliant on oxygen', Alleged murder mastermind in Tshegofatso Pule case to stay behind bars. If your application is not approved, SASSA will inform you in writing why your application was unsuccessful. VIDEO | President Ramaphosa delivers 2021 State of the Nation Address. I live in South Africa and I am about to claim my UK State Pension. ... (@EFFSouthAfrica) February 24, 2021. “South Africa needs to turn a corner towards a Singapore style economic powerhouse and less like a Venezuelan failed state, in that scenario the government need not worry about off shore funds as the majority would want to invest in the future of South Africa and in rands, but only if good governance and a firm anti-corruption stance can be assured, something that feels like a distant … In this context, the South African economy is expected to rebound by 3.3 per cent this year, following a 7.2 per cent contraction in 2020 and average 1.9 per cent in the outer two years. © 2021 Arena Holdings (Pty) Ltd. All rights reserved. The Commission hears Parliamentary Oversight related evidence from former chairperson of the Portfolio Committee on Transport, Dikeledi Magadzi.. Live proceedings will be streamed below: Trade union federation Cosatu lambasted the increases … The Children's Institute at the University of Cape Town (UCT) publishes the South African Child Gauge annually to review the status of children in South Africa and to … Trade union federation Cosatu lambasted the increases as meagre, pointing out that this would diminish the buying power of grant recipients. If your spouse died within the last five years, a copy of the will and the first and final liquidation and distribution accounts where applicable. Ramaphosa to respond to SONA debate at 2pm. Calculating State Pension, Pension Credit, eligibility, claiming and deferring. If you disagree with the decision, you can appeal to the Minister of Social Development at the national Department of Social Development. Tafta CEO Femada Shamam said: “Recent studies have found 87% of the country’s elderly are using their pension grants to support their adult children and grandchildren. Inflation for last October came in at just 0.5%, while average earnings in the three months to July actually dropped by 1%. The Commission of Inquiry into State Capture continues with its hearings on Monday in Johannesburg. if there was a mistake when your grant was approved. Who is eligible for South African pensions? The government’s modest R30 increase to the old age social grant has invoked fear in struggling pensioners, who are concerned they may not be able to make ends meet. The organisation, which operates care homes throughout Durban and has about 5,500 pensioners in its fold, said it was calling out the government following the “dismal 1.16% increase”. With R30 we cannot even buy a loaf of bread and milk, which are essential basic food items we need. Theoretically, the retirement age in South Africa is currently 60 for both males and females. The minister also announced an increase in alcohol prices. “I cannot put into words how disgraceful this is. “These grants are supposed to be instrumental in government’s poverty alleviation strategy, but if these increases are not even inflation-linked, we’re looking at entire families impacted by a growing debt burden.”. If your State Pension is under £5 per week, you’ll be paid once a year in December. I further welcomed the Government extending those arrangements in January 2018 to those reaching state pension age by April 2021. Complete the application form in the presence of the SASSA officer (note that only you as the applicant or a SASSA official may complete the application form). Durban pensioner Mogie Govender regards the increase as a “disgrace”. China is expected to grow at 8.1 per cent in 2021, while India will achieve a growth rate of 11.5 per cent in 2021. Projects worth 2.7 trillion rand are being considered over the next decade. If you don’t get an ID, your grant will be suspended. The National Treasury today has published its draft amendments to Regulation 28 of the Pension Funds Act for public comment. The inflation rate is 3.3%, the lowest it has been since 2004. Your Manx State Pension won't increase if you live in Australia, Canada, New Zealand, South Africa or certain other countries. Special Investigating Unit freezes state pension payout of fired CFO. If you were employed, proof of your Unemployment Insurance Fund (UIF) membership ('blue book') or discharge certificate from your previous employer. China is expected to grow at 8.1 per cent in 2021, while India will achieve a growth rate of 11.5 per cent in 2021. I was going to get it paid into my normal South Africa bank account but have been told that you lose a lot of money on the South African bank’s very unfavourable exchange rate (a lot less than the going rate) and that it would be better to use a specialist foreign exchange provider as a go between to get a much better rate. “Where will that leave the impoverished elder generation?”, Read more at the SA government's online coronavirus portal or use the 24-hour public hotline: 0800 029 999. Proof of your marital status (if applicable). An older person's grant is paid to people who are 60 years or older. This will start from the fourth month following your admission to that institution. Includes automatic enrolment, lost pensions and planning for retirement. Pensioner Amy Green told TimesLIVE: “The R30 increase is very disgusting because the elderly are battling. This index ranks the state pensions in 33 countries around the world. The current state of South Africa. You must appeal within 90 days of being notified that your application was unsuccessful. You will be given a receipt. The reduced grant is re-instated immediately from the date you are discharged from the institution. What if your application is not approved? You can get a grant to see you through your old age. “With R30 what can a person do? The government has issued a notification exempting the freedom fighters and their legal heirs (children and grandchildren) from the toll tax on state highways on the production of identity cards issued to them. Assam Chief Minister Sarbananda Sonowal on Saturday announced that steps would be taken to increase the monthly pension of freedom fighters in the state … You will be notified three months in advance of the date when the review will take place or the date on which the life certificate (proof that you are still alive) is due. ... Fuel price to increase at midnight; This grant used to be called the old age pension. A further 194 Covid-19-related deaths were reported, bringing the total to 50,271. Miner’s pension – a special old-age pension for mine-workers paid at the age of 61, with a qualifying period of 25 years. not have assets worth more than 1 227 600 if you are single or R2 455 200 if you are married. But the government says it is reliant on coal to increase generation capacity at state-owned power ... South Africa’s biggest state pension fund ... which was planned to come online in 2021. Your Manx State Pension will increase each year in April, but only if you live in the UK or a country which has a social security agreement with the UK which allows for annual increases. All Rights Reserved, Social Assistance Act, 2004 (Act 13 of 2004), be a South African citizen, permanent resident or refugee, not receive any other social grant for yourself. Social grants, including old age and disability grants, increased by only R30 from R1,860 to R1,890 a month. If you don't have an ID: you must complete an affidavit on a standard SASSA format in the presence of a Commissioner of Oaths who is not a SASSA official, you must bring a sworn statement signed by a reputable person (like a councillor, traditional leader, social worker, minister of religion or school principal) who can verify your name and age. As older people, we cannot substantially live on the amount we are receiving from the government.”. South Africa registered 856 new Covid-19 cases, bringing the cumulative total to 1,514,815. Pension age in South Africa. Sub-Saharan Africa is forecast to grow by 3.2 per cent. The officer will interview you and tell you if you qualify for the grant. Application forms are not available online, but you can get it at your nearest SASSA office. In this context, the South African economy is expected to rebound by 3.3 per cent this year, following a 7.2 per cent contraction in 2020, and average 1.9 per cent in the outer two years. Proof of your assets, including the value of the property you own. South Africa’s government is encouraging pension funds and other private investors to back an infrastructure drive. The person should take a letter from you and/or a doctor's note saying why you cannot visit the office. South African Social Security Agency (SASSA), SASSA Toll free: 0800 60 10 11Email: GrantEnquiries@sassa.gov.za, Copyright 2021 Government of South Africa. Workplace and personal pensions. cash at a specific pay point on a particular day, electronic deposit into your bank or Postbank account (the bank may charge you for the service), if you fail to co-operate when your grant is reviewed, when you commit fraud or misrepresent yourself. The following may result in the suspension of your grant: Please note: If you are admitted to an institution that has a contract with the state to care for you, the social grant is reduced to 25% of the maximum amount of the grant. not earn more than R86 280 if you are single or R172 560 if married. ... Khusela Diko bids farewell to her husband South Africa . Go to the South African Social Security Agency (SASSA) office nearest to where you live and bring the following: Your 13-digit bar-coded identity document (ID). You will be referred to the Department of Home Affairs to apply for the ID while your application is processed. If your grant is approved, you will be paid from the date on which you applied. She said Tafta’s “growing debtor’s book of R3m in the current financial year, together with decreased funding and the lower social grant increase” mean the organisation would be forced to zero-rate residential rental increases to prevent pensioners falling into further debt. Shamam said the organisation continued to struggle with a continued reduction in state funding and a growing debtor’s book of pensioners incapable of meeting their rental commitments, forcing the organisation to eat into its financial reserves built over its 62-year history. Keep it as proof that you applied. ... call for aggressive approach against graft. On 17 August 2020, Mr Enoch Godongwana, chairperson of the ANC’s subcommittee on economic transformation, stated that the ANC is not proposing that pension funds be used to bail out state … From 2015/2016, year on year there have been upward adjustmentsto the various tax rates, including the increase in the personalincome tax rate from 41% to 45%, an increase in the effective CGTrate across the board, the increase in dividends tax from 15% to20%, and more recently the increase in the VAT rate from 14% to15%, as well as the increase in the estate duty and donations taxrates from 20% to 25%. Pension changes for South Africa could boost Ramaphosa’s investment plans | Pension Changes It is no surprise that further rate increases were anticipatedin the 2020 Budget, with many suggesting that ther… (Bloomberg) -- South Africa may be forced to revise its tax increase targets as its budget shortfall is set to breach wartime levels for a second consecutive year. Your income as declared when you apply for the grant will form the basis for this decision. Punjab Finance Minister Manpreet Singh Badal on Monday proposed to increase the monthly pension for freedom fighters from Rs 7,500 to Rs 9,400 from April 1 in the state budget for 2021-22. do not claim for three consecutive months.
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