Five Things to Know Before You Withdraw Your Savings Under the New Two-Pot System

While experts continue to debate the merits of the two-pot system it has been almost a week since it has been signed into law. The reality is that as from 1 September 2024 many South Africans will start withdrawing from their savings pot under the new system.

In this article we provide 5 key considerations that fund members must be aware of before making a withdrawal.

John Paul Fraser

Tax Attorney