Site url: https://wwauth.momentum.co.za/momentum/business/two-pot-retirement-system/resource-centre/videos
Pagecontext: org.apache.jasper.runtime.PageContextImpl@49f93c39
NameValue
breadcrumb.start.level3
param.sharing.scope.{http://www.ibm.com/xmlns/prod/datatype/content}ibm.portal.sharing.scope.page
param.sharing.scope.{http://www.ibm.com/xmlns/prod/websphere/portal/v8.0/portal-contextual-portal}ibm.portal.sharing.scope.page
param.sharing.scope.{http://www.ibm.com/xmlns/prod/datatype/content/resource-collections}ibm.portal.sharing.scope.page
wcm.template.oidZ6_48GC1K80O0FH90QS83FHN530K6
flush.cache?01102021
canonical/momentum/business/two-pot-retirement-system/resource-centre/videos?rcid=videos
param.sharing.scope.{http://www.ibm.com/xmlns/prod/websphere/portal/publicparams}path-infoibm.portal.sharing.scope.page
breadcrumb.enabledtrue
hero.imagetrue
param.template.pageZ6_48GC1K80O0FH90QS83FHN530K6
page.keywordsEmployee benefits, Medical aid for employees, Retirement annuities for employees, Group insurance, Business short-term insurance, Key person life insurance, Workplace health and wellness
param.sharing.scope.{http://www.ibm.com/xmlns/prod/websphere/portal/v7.0/portal-contextual-portal}ibm.portal.sharing.scope.page
hide.from.menutrue
dynamic.sitemaptrue
param.sharing.scope.{http://ibm.connections.com/portlet}ibm.portal.sharing.scope.page
label.namebusiness
sitecontext:business
ibm.template.oidZ6_48GC1K80O0FH90QS83FHN530K6
menu
error
TWO-POT RETIREMENT SYSTEM RESOURCE CENTRE
  • TWO-POT RETIREMENT SYSTEM RESOURCE CENTRE
  • Videos

Videos



Two-pot update with
Saqib Hossain

The two-pot system is compulsory for most South African employees. Saqib Hossain, Senior Manager in Technical Marketing at FundsAtWork explains the two-pot system and how it might impact your retirement savings.



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.



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.



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.




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.



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.



How the two-pot retirement system will work through examples

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



Understanding the two-pot retirement system

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

We and our selected partners use cookies to enhance and personalise your experience on our website.Please see our cookie policy for more information.

To enhance your user experience on our site, read the website terms and conditions about our supported browsers.

Your browser's cookies are disabled. Enable cookies to ensure our website functions correctly. View our Privacy Notice.

Tell us more!
We're always looking for ways to improve your online experience. Please take a moment to complete the
2-minute questionnaire.