The two-pot retirement system was implemented in September last year to give people access to their retirement savings for emergencies. During the four months since the implementation of the two ...

Some forecasters expected an initial amount of up to R100 billion. A survey by Old Mutual found that 60% of its members intended to use two-pot payouts to help settle debt. The new pension system ...

The South African Revenue Service (SARS) has announced that to date it has received 2 664 279 applications for tax directives for withdrawals from the Savings Withdrawal Benefit of the two-pot system.

The recently introduced two-pot retirement system aims to enhance retirement outcomes for South Africans by keeping the majority of future retirement contributions invested for retirement while ...

More than 2.4 million South Africans have applied to withdraw money from their savings components under the two-pot retirement system, with a staggering R43.4 billion paid out to date. This was ...

President Cyril Ramaphosa has assented to the Pension Funds Amendment Bill which amends pension-related legislation to enable the implementation of the recently legislated two-pot retirement system, ...

Before the introduction of the two-pot retirement system on 1 September 2024, members of retirement annuities could only access their pension savings funds at the age of retirement (currently 55 ...

We also examine what the impacts of two years of market volatility and the coronavirus pandemic had on the fragility of the U.S. retirement system.