The 2013 Budget Speech – A focus on retirement savings

2013-budget-speech On the 27 February 2013, the Finance Minister, Pravin Gordhan, delivered his annual budget speech. The budget speech is always eagerly anticipated by taxpayers and tax budget speech (luise ostler) march 2013 FINAL practitioners alike as it is the forum through which the public is informed about how much tax payments will be increased or decreased. Importantly, it is also the forum through which insight is given into the Treasury’s plans for the years ahead. Judging by comments published in the media so far, the 2013 budget speech was well received and there were no major surprises. An element that stood out in the Minister’s speech, and which has already been the subject of much commentary by experts in the field, was the focus on retirement savings.

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