Latest News & Developments
two pot system
SA workers seek more access to retirement funds under two-pot system
Cosatu has submitted proposals to the government in which they request that workers should have greater access to their pension funds.
Cosatu pushes for greater access to pension funds under two-pot system
Cosatu advocates for increased access to pension funds under the two-pot retirement system, aiming to help workers manage their debts more effectively
Over two million taxpayers withdraw from savings pot, says Sars
Sars reveals that over two million taxpayers have accessed their savings pot, with R 43. 42 billion paid out to date.
Sustainable financial habits to help you achieve your goals in 2025
Kick-starting the year with a strong financial future in mind.
How South Africa's retirement landscape transformed with the two-pot system
The South African retirement system has undergone a significant overhaul, with the introduction of the two-pot retirement system.
Two-pot: While claims spike, many employers never paid pensions
The high interest in withdrawal claims from the two-pot retirement system has exposed the failure of employers to pay pension contributions.
South Africans can now track their two-pot retirement system applications
Track the status of your two-pot retirement system application with ease through WhatsApp or the Sars USSD service.
How to make your savings last in retirement
South Africans who retire overestimate their savings while underestimating their costs, resulting in major financial challenges throughout their golden years.
SARS says R35 billion withdrawals have been made in Two-Pot retirement system
The SARS yesterday updated the total figures for tax directives received concerning withdrawals from the Savings Withdrawal Benefit under the Two-Pot system.
Is the two-pot retirement system an immediate relief or a long-term financial risk?
The Two-Pot Retirement System has been overwhelmingly welcomed by many South Africans who find themselves grappling with the rising cost of living and limited access to affordable credit, writes Zamani Letjane.
Sars updates on Two-Pot withdrawal system: over 2 million applications received
It say there has been over 2 million applications received and R49. 58 billion in directives issued, highlighting the challenges faced by taxpayers.
PFA investigates municipal workers’ grievances over two-pot applications
Emfuleni Local Municipality workers have escalated their grievances to the Pension Fund Adjudicator after experiencing a lack of communication regarding their two-pot applications, raising concerns about the management of the Municipal Workers Retirement Fund
Former South African teachers share life after resigning
Discover the transformative journeys of South African teachers who left the profession. From starting businesses to pursuing healthcare, learn how they have found happiness beyond the classroom.
Two-pot system: More than R21 billion has been withdrawn - giving cash-strapped South Africans a life
Cash-strapped South Africans have been able to withdraw more than R21 billion from the two-pot retirement system, and it looks like R40 billion could be added to the fiscus.
Old Mutual has received two-pot claims valued at R2. 3 billion
Fund members need to remember that the money that they withdraw from the two-pot retirement system will be taxed.
Middle-income earners cash in the most as Alexforbes pays out R4. 8 billion in two-pot claims
Since the implementation of the two-pot retirement system, middle-income earners have made the most claims.
Pension Crisis: Private security fund fails thousands as complaints surge
The OPFA has declared the PSSPF as the most problematic pension fund in South Africa, with thousands of security guards facing uncertainty over their retirement benefits
Fury at two-pot fraud
Thousands of employers exposed for non-compliance, ‘stealing from the poor’ in unpaid pension fund contributions
What South Africans are using their two-pot money to pay off and buy
From paying for education fees to settling debts, this is how people are using their two-pot retirement system money on.
Cosatu continues to push for more pension fund reforms to protect workers’ savings
Cosatu has campaigned for comprehensive reforms of our pension laws to ensure the needs of workers are placed first and their savings are protected from abuse.
South African expats eyeing a withdrawal from their two-pot retirement savings have a big decision to make and timing is vital
There is a golden window for SA expats to withdraw from the two-pot retirement system therefore they should seek help from an expert.
Two-pot retirement system: facts vs misconceptions
In order to make informed decisions about the two-pot retirement system, South Africans need to know the difference between fact and fiction.
Two-pot retirement system - what impact will it have on your tax bracket?
Withdrawing from the two-pot retirement system could have an impact on your tax bracket.
Two-pot system not beneficial to workers
‘The pertinent question is: How is it the two-pot system beneficial to the workers? It’s not beneficial at all. ’
Over 63,000 government employees dip into their two-pot retirement funds, says GPAA
Since September 1, 2024, the Government Employees Pension Fund has received a little under 63,000 two-pot retirement system applications.