With the September 1 implementation deadline looming, South Africa’s ‘two-pot’ retirement reform is fast coming to the boil.
Allan Gray and other financial experts have warned South Africans to leave the savings component of their retirement funds ...
The two-pot retirement system was implemented in September last year to give people access to their retirement savings for ...
Under the two-pot system, retirement fund members who resign from their employers are no longer allowed to cash out their ...
more than 2.4 million South Africa cashed out R43 billion from their pensions funds after the two-pot pension system was launched in September, the South African Revenue Service (SARS) confirmed on ...
Alexforbes has revealed that by January 30, 2025, they had processed 370,000 claims with a total value exceeding R7 billion ...
Since the two-pot retirement system was introduced in September last year, more than two million pension fund members already used the withdrawal benefit, with more than R43 billion paid out so ...
Around 65% of these claims were submitted in September 2024, the month when the two-pot system was implemented. More than 97% of savings pot claims were processed by November 30, with an average ...