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

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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.
1 Sep 2024 6AM English South Africa News · Daily News

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