insert_link South Africa South Africa is changing its retirement rules to help boost country savings: how it will work By Adrian Saville, University of Pretoria A study of 160 countries, spanning 60 years of economic history, establishes that there is no country that has been able to transition from “poor to prosperous” without a high savings rate. And that households - in other words you and me - are one of the most important contributors to a country’s overall level of savings rate. Yet, […] today29 July, 2024
insert_link South Africa In S.A, Alexforbes Clarifies Two-Pot Retirement System Applicability and Implications In South Africa, Alexforbes has clarified that not all retirement funds will be applicable under the two-pot system. Pension companies are providing more information on the process, with John Anderson from Alexforbes explaining the financial implications and conditions for withdrawing from the savings pot. Anderson highlights that the two-pot system is designed to balance long-term retirement savings with addressing immediate short-term financial needs. today12 July, 2024
insert_link Africa South Africans uncertain about two-pot retirement system The two-pot retirement system comes into effect on 1 September 2024 in South Africa. It allows people to withdraw a portion of their retirement funds before reaching retirement age. The rest will be preserved to sustain them post-retirement. However, many South Africans remain concerned as to how it will work and its impact. We asked Local Pension Fund Expert Arthur Kröhnert for his opinion on the matter. today23 April, 2024
