Tag: Two-Pot
The two-pot temptation – borrowing from your future self-costs you
Nearly half of under-60s with retirement products have dipped into their savings pots, mostly to get through the month. Our 2026 Retirement Insights Survey suggests the right response is empathy and better design. Nobody raids their retirement savings unless they are facing difficult economic pressure today. That is worth saying upfront. The two-pot retirement system has become one of the most moralised subjects in South African money conversations, and the moralising has taught us very little.
Two-Pot retirement system – next steps for administrators, employers & employees
With the President signing the Revenue Laws Amendment Bill into law on 1 June 2024, this means the signing of the Pension Funds Amendment Bill is imminent, and the Two-Pot retirement system is confirmed to roll out as proposed on 1 September 2024.
