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.