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Understanding South Africa’s New ‘Two-Pot Retirement System’
In this month’s article, we delve into the upcoming changes to South Africa’s retirement funding landscape with the introduction of the new Two-Pot Retirement system, effective from 1 September 2024. This reform aims to address persistent issues within the current retirement framework by creating a two-pot structure that balances long-term savings with urgent short-term financial needs. Understanding these changes is crucial as they will impact all current and future retirement fund members.
