With the September 1 implementation deadline looming, South Africa’s ‘two-pot’ retirement reform is fast coming to the boil.
Many consumers were taken aback by the tax they had to pay when withdrawing some of their funds under the two-pot retirement system. The two-pot retirement system has made it easier for pension ...
More billions are rolling into consumers’ pockets under the two-pot retirement system and looking at the profile of the average person who withdraws funds from the savings pot shows that middle ...
More than 2.4 million South Africans have applied to withdraw money from their savings components under the two-pot retirement system, with a staggering R43.4 billion paid out to date. This was ...
Tuesday saw Alexforbes release statistics on the two-pot retirement system from its implementation date on 1 September until 30 November 2024. The information in the survey is based on responses ...