TW
Trevor W

1 reviews | Active since Nov 2011

05 May 2026, 08:38

No cncern nor compassion !

Received an email from SANLAM on 30 March 2026, informing of the new SARS Tax Rate of 17,2% on pensions. This email also stated that the client had the option to opt-out of the given SARS Tax Rate & would require written instruction accordingly, but this opt-out rate would only be app**** as if May 2026 payment date. No cut-off date for the submission of the opt-out instruction was provided by SANLAM in any of their correspondence. Upon receiving my April 2026 pension on 30 April 2026, a deduction of R538-86 was app**** to the pension. When querying this deduction, was informed by SANLAM that my instruction to opt-out emailed on 19 April 2026, was received too late & the deduction could not be averted ! If no cut-off dated is stipulated in any of their correspondence, how must the client "smell" that a cut-off dated is mandatory. Clearly indicates SANLAM's ill regard for pensioners, knowing that there is reliance on pensions, due to personal commitments.

0
Replies (2)
Sanlam
Sanlam's reply05 May 2026, 08:44
Official
Good day Trevor  We are sorry to hear of your poor client service experience. We have referred your complaint to Sanlam Life. Regards
 Sanlam Client Care
Sanlam
Sanlam's reply05 May 2026, 13:32
Official
Good afternoon, Trevor

We have received feedback that you have been contacted.

Regards
Sanlam Client Care