insert_link Namibia Home Loans Only, Says GIPF on Pension Scheme The Government Institutions Pension Fund has clarified that its Pension-Backed Home Loan Scheme is strictly intended to help members buy or build houses. The Pension Funds Act limits pension access to housing purposes only, ruling out business ventures or personal spending, According to CEO Martin Inkumbi: today15 July, 2025
Namibia MPs Debate Pension Fund Reforms Lawmakers are actively reviewing proposed amendments to the Members of Parliament and Other Office Bearers Pension Fund. The discussion is focusing on enhancing financial security for public office holders and ensuring sustainability. Some MPs are arguing for increased contributions, while others are raising concerns about fiscal responsibility. The reforms aim to balance long-term benefits with economic realities. A final decision is set to be made after further consultations. today6 March, 2025
insert_link Namibia GIPF urges pensioners and beneficiaries to complete biometric verification The Government Institutions Pension Fund (GIPF) has issued a reminder to all pensioners, children, and spousal beneficiaries to complete their Biometric Verification (proof of life) for the period ending 30 June 2025. Beneficiaries can visit their nearest GIPF office or use the GIPF mobile verification app to ensure uninterrupted benefit payments. Biometric verification is a crucial process that ensures pension payments are made to the rightful recipients. GIPF GM: Marketing […] today6 March, 2025
insert_link Opinion Pieces Understanding Preservation Funds A preservation fund is a savings vehicle into which you can transfer your retirement savings, from a retirement fund (pension or provident fund), with the aim of preserving funds for your financial well-being in retirement. This vehicle is primarily used when people resign or change jobs, which then becomes a tax-free transfer from your existing retirement fund into a preservation fund of your choice. Preservation can either be […] today22 July, 2024
insert_link Africa South Africans uncertain about two-pot retirement system The two-pot retirement system comes into effect on 1 September 2024 in South Africa. It allows people to withdraw a portion of their retirement funds before reaching retirement age. The rest will be preserved to sustain them post-retirement. However, many South Africans remain concerned as to how it will work and its impact. We asked Local Pension Fund Expert Arthur Kröhnert for his opinion on the matter. today23 April, 2024
