The introduction of South Africa’s two-pot pension fund system has dramatically changed how pension funds are administered, shifting interactions from employer-based engagement to direct communication ...
There’s been a lot of buzz around the Two-pot retirement system that officially came into effect on September 1, 2024. It’s a ...
South African retirement fund members have withdrawn nearly R57 billion from their savings since the implementation of the ...
Before the reform, members’ retirement savings were held in a single pool, known as the vested component. This represents all contributions made before September 1, 2024 and remains separate under the ...
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 ...
The system allows members to make one withdrawal per tax year from the savings pot, which creates an opportunity for repeat ...
The opening of the 2026/27 tax year on March 1 marked the third withdrawal window since the inception of the Two‑Pot retirement system. This milestone offers a valuable opportunity to reflect on how ...
JSE-listed financial services group Alexforbes recently announced that it has processed and paid more than one million savings pot withdrawal claims since 2024, when the two-pot retirement system was ...
Old Mutual has noted that South Africans are accessing their retirement funds following the implementation of the two-pot system, but many are doing so for non-emergencies. The two-pot system came ...
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