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Retirement Age for Occupational Pension Schemes Revised

The retirement age for Occupational Pension Schemes which is determined with reference to the Fourth Schedule of the Income Tax Act Chapter 323 of the Laws of Zambia has been revised from 55 years to 60 years by the Income Tax Amendment Act No.19 of 2015 effective 1st January, 2016.
Trustees are accordingly urged to revise the Pension Scheme Rules. Copies of the Amendment Act may be obtained from Government Printers.
 Members of the public seeking further information on the amendment may contact the Authority.