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MY FINANCIAL TIPS AND RESOURCES
  • MY FINANCIAL TIPS AND RESOURCES
  • Two-pot retirement system
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What are you looking for?

Member guides

Afrikaans
Aftreekomponent vanaf 1 September 2024 (pdf)
Algemene vrae oor die tweepotstelsel (pdf)
Gevestigde komponent vanaf 1 September 2024 (pdf)
Spaarkomponent vanaf 1 September 2024 (pdf)
Impak van onttrekking uit jou spaarkomponent op jou aftreespaargeld (pdf)
Vereenvoudiging van die tweepotstelsel (pdf)

English
SARS - What you need to know before you withdraw from your savings component
The two-pot system explained
Vested component
Savings component
Retirement component
Tax impact and withdrawal fees
Impact of withdrawal from savings component
Divorce maintenance and other deductions

seSotho
Lipehelo tsa ho ntša chelete karolong ea ho boloka ha o tlohela mosebetsi (pdf)
Lipotso tse botsoang hangata mabapi le tsamaiso ea lipisa tse peli (pdf)
Ho nolofatsa tsamaiso ya dipitsa tse pedi (pdf)
Karolo eo o nang le taolo ho eona ho tloha ka la 1 Loetse 2024 (pdf)
Karolo ea ho boloka ho tloha ka la 1 Loetse 2024 (pdf)
Karolo ea ho tlohela mosebetsi ho tloha ka la 1 Loetse 2024 (pdf)

xiTsonga
Swivutiso leswi talaka ku vutisiwa mayelana na sistimu ya mapoto mambirhi (pdf)
Swita ndzhaku loko u humesa mali eka xiphemu xa vuhlayiselo eka mali ya wena ya loko uya eku wiseni (pdf)
Xiyenge xa ku tshika ntirho loko uya ku wiseni ku sukela hi 1 Ndzhati 2024 (pdf)
Xiphemu xo hlayisa ku sukela hi 1 Ndzhati 2024 (pdf)
Ku olovisa sistimu ya mapoto mambirhi (pdf)
Tihakelo ta ku humesa mali eka mapoto mambirhi ni ku khumbeka hi tlhelo ra xibalo (pdf)
Xiphemu xa mali leyi endlaka ntswalo ku sukela hi 1 Ndzhati 2024 (pdf)

isiXhosa

Indlela ukukhupha imali kwimali yakho egcinwayo okuyichaphazela ngayo imali oyigcinele umhlala-phantsi (pdf)
Imali yomhlala-phantsi ukususela nge-1 kaSeptemba 2024 (pdf)
Imali egcinwayo ukususela nge-1 kaSeptemba 2024 (pdf)
Ukwenza lula inkqubo ye-two-pot (pdf)
Iimali ezitsalwayo kunye nerhafu ebhatalwayo xa kukhutshwa imali kwi-Two-pot (pdf)
Imali esele igciniwe ukususela nge-1 kaSeptemba 2024 (pdf)

isiZulu

Imibuzo evame ukubuzwa ohlelweni lwezimbiza ezimbili (pdf)
Ingxenye enikezwe kusukela ngomhla ka-1 kuMandulo 2024(pdf)
Ingxenye yokonga kusukela ngomhla ka-1 Septhemba 2024 (pdf)
Ingxenye yomhlalaphansi kusukela ngomhla ka-1 Septhemba 2024 (pdf)
Ukwenza lula uhlelo lwezimbiza-ezimbili (pdf)
Umthelela wokuhoxiswa emalini oyilondolozile (pdf)

Videos



Two-pot update with Redwaan Zoutenberg

Redwaan Zoutenberg, Technical Marketing Specialist at FundsAtWork, breaks down how much will go into your savings and retirement component in the two-pot system.

Graphic of two clay pots with African prints and a stack of gold coins pouring into one of the pots.



What is the two-pot
retirement system?

The two-pot system is set to change retirement planning. Despite its name, the system comprises 3 components. Starting 1 September 2024, your retirement savings will be divided into a vested, savings, and retirement component.

Graphic of two clay pots with African prints and a stack of gold coins pouring into one of the pots.



Why is the government
doing this?

The government has established the savings component to facilitate access to some of your retirement savings in a financial emergency.

Graphic of two clay pots with African prints and a stack of gold coins pouring into one of the pots.



How much money can you withdraw and what are the implications?

The minimum withdrawal amount from the savings component is R2 000, and such withdrawals are subject to applicable taxes and administrative fees.

Graphic of two clay pots with African prints and a stack of gold coins pouring into one of the pots.



How should you view your 3 retirement components?

The 3 pots are considered a single retirement plan because any withdrawal from one pot reduces your overall retirement savings.

Graphic of two clay pots with African prints and a stack of gold coins pouring into one of the pots.



How the two-pot retirement system will work through examples

Practical examples of how retirement savings are allocated among the components.

Graphic of two clay pots with African prints and a stack of gold coins pouring into one of the pots.



Understanding the two-pot retirement system

An explainer video detailing the two-pot retirement system and its implications for members.

Graphic of two clay pots with African prints and a stack of gold coins pouring into one of the pots.

Interviews

Listen to Hugh Hacking explain the awaited two-pot system's implications on funds and members in SAfm's Weekend View.

Listen to Elana Van Der Berg on Moneyweb explain the two-pot system's implications on members of retirement funds.

Listen to Shameer Chothia on SMILE FM as he unpacks the fine print of the Two-pot system.

Animated videos

The FundsAtWork difference
The FundsAtWork Difference – English (Youtube)
The FundsAtWork Difference – Afrikaans (Youtube)
The FundsAtWork Difference – seSotho (Youtube)
The FundsAtWork Difference – isiZulu (Youtube)

The impact of withdrawal
The impact of withdrawal – English (Youtube)
The impact of withdrawal – Afrikaans (Youtube)
The impact of withdrawal – seSotho (Youtube)
The impact of withdrawal – isiZulu (Youtube)

What is two-pot?
What is two-pot? – English (Youtube)
What is two-pot? – Afrikaans (Youtube)
What is two-pot? – seSotho (Youtube)
What is two-pot? – isiZulu (Youtube)

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