The two-pot retirement system, introduced on September 1, 2024, has now been in effect for over a year, yet confusion around its rules continues to generate complaints, this is according to the Office ...
Discover how South Africa's Two-Pot retirement system is revolutionising access to savings, balancing long-term security with immediate financial relief, and the challenges that come with it.
As the 2026/27 tax year opened on 1 March, South Africa entered the third withdrawal window of the innovative Two-Pot retirement system. This milestone provides a valuable lens into evolving member ...
There has been a surge in two-pot savings withdrawals since 1 March 2026, as many attempt to keep up with life’s financial demands. Just last week, more than 100,000 withdrawals were made at Alexander ...
South African President Cyril Ramaphosa signed a new bill into law on Sunday amending the pension system in South Africa. The Pension Funds Amendment Bill enables the implementation of the new two-pot ...
South Africa’s two-pot retirement system is showing early signs of a potentially concerning pattern, with financial services groups warning that repeated withdrawals from the savings portion risk ...
The South African Revenue Service (SARS) said that more than one million people had withdrawn from the savings pot since the two-pot system was implemented. JOHANNESBURG - The two-pot retirement ...
That's the advice being given to South Africans by personal finance journalist Maya Fisher-French when it comes to their two-pot retirement savings. From 1 September 2024, employees have been able to ...
This milestone provides a valuable lens into evolving member behaviour and financial decision-making. Amid persistent economic pressures, many retirees and contributors are increasingly accessing ...