Namibia: Workers still entitled to pension lump sum – Africa Links 24

Pension funds will still allow a tax-free lump-sum payout on a portion of retirement benefits under the proposed regulations of the Financial Institutions and Markets Act (Fima).

During consultations with pension funds yesterday morning, the Namibia Financial Institutions Supervisory Authority (Namfisa) said it had advised the minister of finance to remove an article of the new law that would have prevented those payouts.

“It was a very productive, very engaging meeting.

There…