This means that all prerequisites for SA’s new two-pot retirement system to take effect from September 1, 2024, have successfully been concluded. According to Parliament, it aims to provide ...

The aim of the two-pot system, therefore, is to prevent this, while still giving people access to a portion of their funds for emergencies. In essence, instead of all retirement savings going into ...

The retirement fund industry is buzzing with activity as withdrawal claims from pension fund members under the two-pot retirement system come in. Four days since the implementation of the two-pot ...

The long-awaited draft legislation with more details regarding the roll-out of the “two-pot” retirement system was published on Friday afternoon. The changes are being introduced in response ...

A method for preserving retirement savings while affording members access to a reasonable portion for emergencies has been debated for the last 30 years or more. Finally, the two-pot system was ...

If you want to withdraw funds in the two-pot retirement system, be ready to pay tax and administration fees. If you are waiting for 1 September to withdraw from your savings pot under South Africa ...

New legislation known as the ‘two-pot system’ governing retirement savings is due to come into effect from March 2025. It aims to boost SA’s notoriously poor savings culture by separating ...

AFTER much to-ing and fro-ing, it seems the legislators have agreed on an implementation date for the much-awaited Two-Pot Retirement System, now set to commence on September 1, 2024. The ...

The two-pot retirement system is scheduled to take effect on 1 March 2024. On Friday, Treasury published proposed legislation with new rules for the system. This includes that retirement fund members ...

National Treasury has proposed that the implementation of the so-called two-pot retirement system, which would allow people to access one-third of their pension savings before retirement, be delayed ...

According to the current draft, the two-pot system will not be applied retrospectively. In other words, members will not be able to access one-third of their retirement savings accumulated to date.

Government has recently published proposed amendments for launching the incoming two-pot retirement system. The system will see all amounts saved into a retirement fund split into a savings and a ...