Pension fund administrators say withdrawal claims from pension fund members under the two-pot retirement system are streaming in.
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By Andreas Shaanika, Direct Clients Manager, Corporate Segment Old Mutual Namibia. 1 September 2024 marked the start of the Two-Pot Retirement System in South Africa, which will divide member’s benefits into two separate pots: a savings and a retirement pot. The implementation of the two-pot pension system in South Africa will surely spark significant interest […]
Pension fund administrators say withdrawal claims from pension fund members under the two-pot retirement system are streaming in.
The FSCA and Sars were ready in time for the implementation of the two-pot retirement system despite earlier concerns.
SARS has received a total 161 607 tax directive applications since the 'Two-Pot' retirement system kicked on on 1 September 2024.
In a recently published 'economic note', the South African Reserve Bank (Sarb) says the 'two-pot reforms' allowing for early withdrawals from pension...
Administrators are expected to earn between R640 million and R1.25 billion in fees from withdrawals under the two-pot retirement system.
By Caroline Naylor-Renn, COO of 10X Investments South Africa’s new “two-pot” retirement system came into effect as of 1 September 2024. The...
SARS has received a total 161 607 tax directive applications since the 'Two-Pot' retirement system kicked in on Sunday, 1 September 2024.
A week after the two-pot retirement system was implemented thousands of people are waiting to withdraw their money.