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WageWise Two Pot Retirement System
  • Why are these laws being introduced?
  • How does the system work?
  • Seeding your Savings Pot
  • How to access funds in your Savings Pot?
  • What will happen at retirement?
  • Are there any exemptions to this rule?
  • FAQs
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    • Why are these laws being introduced?
    • How does the system work?
    • Seeding your Savings Pot
    • How to access funds in your Savings Pot?
    • What will happen at retirement?
    • Are there any exemptions to this rule?
    • FAQs

Introduction and What is the Two-Pot Retirement System?

On 1 September 2024 the South African Government will introduce the new Two-Pot Retirement System. The Two-Pot Retirement System will enable employed people who are retirement fund members to access a portion of their retirement savings prior to retirement if they encounter financial emergencies. This system will ensure that only a small part of their retirement savings is available for emergencies and the majority of their retirement savings are preserved until retirement.

Click here for infographic "What is the Two-Pot Retirement System? - Rules for before and after 1 September 2024.

Click here to read the Two-Pot Retirement System brochure.

Watch an animated video on the Two-Pot Retirement System.

 

 

 

 

 

 

Why are these laws being introduced?
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