The two-pot retirement system, introduced on September 1, 2024, has now been in effect for over a year, yet confusion around its rules continues to generate complaints, this is according to the Office ...

Nearly four million pension fund withdrawals totalling close to R57 billion have been made under South Africa’s two-pot retirement system since its introduction on 1 September 2024, with the South ...

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 ...

South Africa’s two-pot retirement system is showing early signs of a potentially concerning pattern, with financial services ...

The South African Revenue Service (SARS) said that more than one million people had withdrawn from the savings pot since the two-pot system was implemented. JOHANNESBURG - The two-pot retirement ...

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 ...

Preliminary numbers are still trickling in, but alarms have already sounded from at least three of the larger retirement fund administrators – Old Mutual, Alexforbes and Momentum – regarding the ...

As the 2026/27 tax year opened on 1 March, South Africa entered the third withdrawal window of the innovative Two-Pot retirement system. This milestone provides a valuable lens into evolving member ...

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 ...