The two-pot system is set to transform South African retirement savings. Tune in for an expert analysis of the system's basics, tax benefits and age-specific advice.
Are you ready to navigate one of the most transformative changes in South Africa's retirement landscape? Join us for an insightful webinar in which Leanne van Wyk, Sygnia’s Head of Legal and Compliance, and Helen Littlewood, Head of Product for the Sygnia Umbrella Retirement Fund, break down the new two-pot system. This session will cover everything from the basics and structure of the system to its benefits and tax implications, as well as offer strategic withdrawal tips to maximise your tax advantages.
Starting 1 September 2024, the two-pot system is intended to tackle the widespread issue of insufficient retirement savings. Many members currently cash out their savings when leaving a job, often leading to inadequate retirement benefits and financial vulnerability in their later years. The innovative two-pot system lets members access a portion of their retirement savings without resigning, ensuring that a significant part of their savings remains preserved for their retirement. Discover how this legislation can help your provident and preservation fund members achieve financial security.