LISTEN: Debt Rescue SA urge South Africans not to touch their Pension Funds before retirement

from Jacaranda FM Newswatch - Interviews · host Jacaranda FM

The two-pot retirement system has officially taken effect. Both the Pension Funds Amendment Act and Revenue Law Amendment Act provide for pension fund members to access a portion of their funds before retirement. The legislation creates a savings pot for a third of the funds, while the other two-thirds will be kept in the second pot for retirement. Neil Roets from Debt Rescue SA says South Africans do not understand and appreciate the consequences associated with the two-pot system. Latest news on our website

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This episode was published on September 1, 2024.

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