Pension Fund | Ramaphosa signs two-pot system into law

Gupta brothers in custody
Consumer Education
File: A hand holds a calculator behind three stacks of coins.
 
JOHANNESBURG – Retirement fund administrators will soon be able to officially implement the two-pot system for their members as President Cyril Ramaphosa signs the Pension Fund Amendment Bill into law.
This means individuals will soon have access to a portion of money in their savings component before retirement for times of financial distress.
A separate portion will be preserved until retirement.
The implementation date for the two-pot system is 01 September 2024