The practical implications of the ‘two-pot system’ – what you need to know
With the September 1 implementation deadline looming, South Africa’s ‘two-pot’ retirement reform is fast coming to the boil.
The Citizen22d
Two-pot retirement system: More than 2.5 million taxpayers withdrew R43 billion
The two-pot retirement system was implemented in September last year to give people access to their retirement savings for ...
businesstech.co.za20h
Allan Gray retirement fund warning
Allan Gray and other financial experts have warned South Africans to leave the savings component of their retirement funds ...
Moneyweb12d
Two-pot: 34% of Alexforbes members plan to claim again
Under the two-pot system, retirement fund members who resign from their employers are no longer allowed to cash out their ...
Moneyweb3d
Two-pot reform: Retrenched workers could be allowed to dip into retirement portion
Under the two-pot system, which came into effect on 1 September last year, employees’ pension fund contributions are divided into a one-third savings pot and a two-thirds retirement pot.
News2423d
Two-pot: 2.4m South Africans cashed out, and 214 000 lied about their income, says SARS
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 ...
The Citizen7d
Two-pot retirement system: How to maximise your tax benefits
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 ...
Independent Online19d
Cosatu pushes for greater access to pension funds under two-pot system
The reform came into effect on 1 September 2023 but was implemented last year. According to literature from the National Treasury, the two-pot system is designed to support long-term retirement ...