Romeo Msipha The new tax laws around retirement funds now enable most employees who are members of a company retirement fund to make bigger tax deductible contributions into their fund every month, which will ultimately boost their retirement savings. Romeo Msipha, Senior Consultant at Old Mutual Corporate Consultants, says that employers should make it as easy as possible for employees to take advantage of this opportunity in order to maximise their retirement outcomes. As of 1 March 2016, the tax laws around retirement fund contributions have changed significantly, with the main changes impacting how much employees can contribute and deduct from their taxable income. “Employers’ contributions to employees’ retirement funds will now be taxed as a fringe benefit” explains Msipha. “However employee members do not need to be overly concerned about this because these employer contributions are now viewed by the taxman as employee contributions for the purposes of claiming dedu...