Mzwandile Mthiyane News24 🇿🇦 Khaya Sithole Carol Paton Thanks for your query! You can access your savings pot anytime, but it's taxed, capped at R30,000, and limited to one withdrawal per year. For the vested pot, up to 1/3 is accessible as cash. The retirement pot is only available at retirement. #savingspot #twopot

👸🏾Nans Molefe 🇿🇦 News24 🇿🇦 Carol Paton Thank you for your query. With less than 6% of South Africans retiring comfortably, this change will help prevent cashing out pensions during job changes. #TwoPot #RetirementReform

ntate wa nextdoor🇿🇦 SABC News Thanks for your comment! In the two-pot system, the "vested pot" refers to savings before the system’s intro. You can access 1/3 in cash upon resignation. It’s part of existing savings, not new. The other pots are for emergencies & retirement. #vestedpot #twopot

Ereng Two Pot mo ngwaneng #DStvDeliciousFestival2024 #JasonDerulo #twopot #N3TollRoute #snow

For more information on the #TwoPot #Retirement system visit the National Treasury website: tinyurl.com/2ayay4kd SA Revenue Service website: tinyurl.com/yc4szw43

Gone imali ka 2 Pot, no @sars ndingekatyi ne Cent...😭😭😭😭😭 #SAMA28 #twopot

Alexforbes Alexforbes you're useless #AlexanderForbes #AlexForbes #2Pot #TwoPot

Just over two weeks after the implementation of the two-pot retirement system, pension fund administrators say they received thousands of claims 📝 from members who want to withdraw funds 💸💸 #TwoPot #TheCitizenBusiness Read more here ⬇️ citizen.co.za/business/perso…

Kanti after how long did you guys get your monies? I have my RA with @FNB and its been two weeks now and still no payment. Im starting to think gore maybe the pots are not there🤔 #TwoPot

The 2-pot system is plain tax criminal. SARS collected over ZAR4bn in the first few days of implementation. there is no justification for the high tax rates. Do not listen to mainstream media. Save your money for crisis times ahead. #twopot

Tune in: Acting Tax and Financial Sector Policy Deputy Director-General, Mr Chris Axelson, will in discussion on the #TwoPot #Retirement system on POWER 98.7 tomorrow at 08:10.

#TwoPot R350 as admin fee is ridiculously expensive 😫

My take on the #twopot retirement system: 1. It's actually 3-pots (somebody can't count 😁) Pot1- pre SEP24 contributions stay under the old rules. Advice: don't touch it. Pot2- something about vested contributions only available on retirement. U can't touch this. [Part2 follows]

One scenario shows a fund member who draws R20 000 now will have R200 000 less at retirement – and will only receive R13 455 now anyway because of tax. #Moneyweb #Tax #TwoPot ow.ly/BesS50TnPqO

SA’s second-largest #umbrella #retirementfund, with R150bn under management and 380,000 members, expects more #consolidation. The Alexforbes Umbrella Retirement fund says Sars ‘has been doing well’ from #twopot claims, Jaco Visser writes. Alexforbes citywire.com/za/news/sa-s-s…

Zwelinzima Vavi Zwelinzima Vavi did you hear that this #Twopot system has unveiled #municipalities that were not consistently paying workers contribution? #Yin-yan

SARS using the #TwoPot system to recoup funds was genius.

🤣🤣🤣it’s raining money there by SARS! Pots are doing the things that makes the Pots go #TwoPot

#Twopot claimants’ data shows significant #inequality in income distribution, according to Momentum Group Limited. More two-pot claims insights here, from NMG Benefits, Alexforbes, @Sanlam Corporate, Old Mutual SA, GEPF & OPFA South Africa... citywire.com/za/news/initia…

#TwoPot | The South African Revenue Service (SARS) has received tax directives worth R4.1 billion in applications for the savings withdrawals in the two pot system. tinyurl.com/56dsmbj6