With less than two months to go before the new two-pot retirement system is implemented, you may be disappointed to realise you are unable to immediately withdraw money from your savings pot. Many employees are banking on being able to withdraw...
You are Here >
Home > two-pot system >
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...
Impact of the two-pot system on your preservation fund
The current draft bill does allow a savings pot component for preservation fund members. There are several steps that still need to be taken to bring the so-called “two-pot retirement system” into law. Although the National Council of Provinces...
Listen: Treasury explains the two-pot retirement system
On 1 March 2024 there will be a radical change affecting everyone who is a member of a retirement fund, with the implementation of what has come to be known as the “two-pot retirement system”. Update: The two-pot system will now be implemented on 1...
Two-pot retirement system: questions answered
The so-called two-pot retirement system will be implemented from 1 March 2024. There is still a lot of confusion around the system and exactly how it will work, and we are awaiting further clarity from Treasury on some of the details surrounding...
Further clarity on the two-pot system for retirement funds
Over the last few years, National Treasury has been working on introducing the so-called two-pot system for retirement funds. Recent updates to the draft legislation are open for public comment and have provided further clarity on how the system...
The two-pot retirement system explained
On 29 July, National Treasury released its draft legislation on the so-called two-pot retirement system. It highlighted that “the proposal does not include allowing immediate access to retirement funds, but rather moves to a system that can more...
Listen: The proposed two-pot system for retirement funds
On 29 July, National Treasury released draft legislation around early access to pension funds and the so-called “two-pot” system. This draft legislation aims at addressing two key challenges facing retirement savings: improving retirement outcomes...
Immediate access to retirement funds unlikely
Retirement reform paper calls for comment but no move on immediate access. Retirement fund members hoping to access their retirement funds for urgent financial relief will be disappointed by the retirement reform paper issued by National Treasury...
