A call from National Treasury for public comment on proposed changes to legislation, as part of the overhaul of SA’s retirement savings industry, discloses a very important aspect about accessing your ...

THE two-pot system, well three pots if you are being technical, is a new retirement system that will allow South Africans to access a portion of their retirement savings in the event of emergencies.

To benefit from compounding, you must save and invest for as long as possible. Accessing any part of your savings before retiring will result in the loss of compounding and negatively affect your ...

One case dismissed by the Office of the Pension Funds Adjudicator (OPFA) found that a complainant could not access his vested pot before legal retirement age. Photo: Gerd Altmann/Pexels The two-pot ...

The two-pot system is essentially designed for defined contribution funds, because at a glance one can tell how much a member has accumulated, and that amount can be neatly divided into the not two, ...

The two-pot retirement system splits your contributions after 1 September 2024 into your savings and retirement pots. Your savings pot funds the cash you can take a retirement and the retirement pot ...

The two-pot system will be officially implemented on September 1. It’s possible you’re feeling a bit bewildered by how it will affect you. Let’s look at the three Rs of the two-pot system: resignation ...

Not planning sufficiently can cause employees financial stress, limit their access to necessary resources, and diminish their quality of life. It can also put employers and their payroll departments ...

Pensions minister Steve Webb has hit out at the “vested interests” opposing Government plans to introduce an automatic ‘pot follows member’ transfer system for small pots. In July last year, the ...

On the first of September (called T-day), the long-awaited two-pot retirement system came into effect (it was announced and promulgated on 1/3/2021), and it is still difficult for the man on the ...

Draft amendments have been published to introduce the proposed two-pot system for retirement savings. Joon Chong, partner at Webber Wentzel, offers a summary of the main features. On 29 July 2022, ...