South African pension fund members’ withdrawals under the two-pot retirement system show how desperate they are for extra ...

With the increase in direct engagement ... According to Buthelezi, the introduction of the two-pot system has been a transformative moment for pension fund administrators.

While the two-pot retirement system offers fund members financial ... "This could result in a higher tax bracket and an increased tax liability. Members are encouraged to seek financial advice ...

Under the two-pot retirement system pension fund members can withdraw an amount to use for emergencies such as medical costs. There is concern that pension fund members are using two-pot ...

The two-pot system came into effect on 1 September 2024 ... have significantly boosted tax revenues through direct taxes and increased consumer spending through VAT. However, Kieswetter warned ...