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Minister of finance and social grants management Ericah Shafudah has increased the amount of money retirees can withdraw from their pension funds to N$375 000.<\/em><\/p>\n This is one of the policy changes the minster announced during the tabling of the national budget in Windhoek on Thursday.<\/p>\n Previously, retirees were limited to a N$50 000 lump sum withdrawal from their retirement funds.<\/p>\n “Increasing the retirement funds single commutation threshold will provide relief for senior citizens,” said Shafudah.<\/p>\n <\/p>\n<\/div>\n Read more on AllAfrica.com<\/a> Minister of finance and social grants management Ericah Shafudah has increased the amount of money retirees can withdraw from their pension funds to N$375 000. This is one of the policy changes the minster announced during the tabling of the national budget in Windhoek on Thursday. Previously, retirees were limited to a N$50 000 lump […]<\/p>\n","protected":false},"author":11,"featured_media":194768,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/cdn.allafrica.com\/static\/images\/structure\/aa-logo-rgba-no-text-square.png","fifu_image_alt":"","footnotes":""},"categories":[723],"tags":[258,256,5782,50982,4706,724,257,8450,30769,254,10905],"class_list":["post-194767","post","type-post","status-publish","format-standard","has-post-thumbnail","category-namibia","tag-africa","tag-africa-news","tag-funds","tag-n375","tag-namibia","tag-namibia-news","tag-news","tag-pension","tag-retirees","tag-south-africa-today","tag-withdraw"],"fifu_image_url":"https:\/\/cdn.allafrica.com\/static\/images\/structure\/aa-logo-rgba-no-text-square.png","_links":{"self":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/194767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/comments?post=194767"}],"version-history":[{"count":0,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/194767\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media\/194768"}],"wp:attachment":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media?parent=194767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/categories?post=194767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/tags?post=194767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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South Africa Today Africa \u2013 Southern Africa Namibia<\/a> News<\/p>\n","protected":false},"excerpt":{"rendered":"