Retirement tax reforms meant to kick in from March next year have been delayed, after organised labour struck a behind-closed-doors deal with the Treasury. This delay has exasperated the pension industry, which says it thwarts efforts to get South Africans to save more for retirement and is unnecessary as only a small number of the changes bother trade unions. The proposals caused widescale panic as thousands of people, who feared being forced to forego cash payouts from provident funds when changing jobs, quit their jobs to access their money before the new laws take effect. We spoke to Principal Consultant from Old Mutual, Michelle du Toit who says people must not panic as the reforms are a step in the right direction