Hi Elizabeth,
The Two-Pot Retirement System is set to commence on the 1st of September 2024.
Under current legislation, you can only access your retirement savings when you retire (from age 55) or resign from your job. National Treasury introduced the new Two-Pot Retirement System to give South Africans access to a portion of their retirement savings before retirement in case of financial emergencies. As a responsible custodian of the funds we manage on behalf of South Africans, our primary goal is to emphasize the importance of saving for retirement.
| How will it work? |
| The impact of withdrawing of your retirement savings |
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