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SARS clarifies tax on two-pot withdrawals

SARS clarifies tax on two-pot withdrawals

Anyone who intends to withdraw from the savings pot of the two-pot retirement system from 1 September 2024 must be registered for tax. Those who are not registered must register before they apply to their relevant fund. If a person is not...

Two-pot system: considerations for over-55s

Two-pot system: considerations for over-55s

With 100 days to go until implementation of the “two-pot system” for retirement, Keith Peter, Advice Manager at Old Mutual Personal Finance, says that the best approach is to maintain your current strategy and avoid prematurely accessing the...

Should I cash out my pension?

Should I cash out my pension?

I’m thinking about resigning so I can cash out my pension and rather invest the funds myself. What are the pros and cons of doing this? Maya's Answer Some people feel more in control if they can manage their own investments, however, this is not...

Maya Fisher-French author of Money Questions Answered

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