PENSION FUND FORMS The Financial Services Tribunal has warned prospective retirees to review their paperwork carefully, as errors can lead to substantial losses. In a recent case, a member’s retirement was processed as a withdrawal instead of a retirement because the member had incorrectly used a withdrawal form. This error resulted in a significant loss to the member as the tax deductions made were based on a withdrawal, not a retirement. The Pension Fund Adjudicator found t

PENSION FUND ARREARS The Main Collective Agreement provides that membership of the HBSI Pension Fund is compulsory for employees in the industry.   In the absence of an exemption, it is a legal requirement that employers submit payment of the required contributions to the Council for payment to the Fund.   A failure to pay over contributions as required is not only a contravention of the Pension Fund Act and a criminal offence, but also potentially leaves employers exposed to

SURVEY: BEAUTY SECTOR: SOMATOLOGISTS Following the indication by the AHPCSA (Allied Health Professions Council of South Africa)  that it...

Opportunity for City & Guilds Industry-Qualified Hairdressers to Obtain the South African National Qualification Establishments are again...

National Minimum Wage: Wage Schedules The Wage Schedules have been adjusted to include the increase to the National Minimum Wage with...

Wage Schedules Effective from 1 January 2025 The wage schedules have been updated to include the 2025 increases and have been uploaded to...

December 2024- SEASON’S GREETINGS   The Council staff wish you all a happy and peaceful holiday season. Please note that the Council’s...

Appointment of Chairperson and Vice-Chairperson of the Council Board   At the Council's Annual General Meeting (AGM) held on 23 July...

Kindly take note that going forward there will be a four-month period, once per year, from September to December within which exemptions...