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Ester Ochse - 2 Pot Retirement System
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South Africa’s new ‘two-pot’ retirement system was signed into law by President Cyril Ramaphosa on the 1st of June 2024. According to a statement by the Presidency, the Revenue Laws Amendment Bill of 2023, which established a ‘two-pot’ system gives members access to retirement savings without having to resign or cash out their entire pension funds.
What does this mean for our money, taxation, investment growth etc.?
What does this mean for our money, taxation, investment growth etc.?