Weekend Argus Saturday

Godongwana proposes new date for two-pot retirement system

Finance Minister Enoch Godongwana, in a letter, proposed that Parliament extend the date of implementation of the two-pot system from March 1, to September 1, 2024.

The new proposed two-pot system intends allowing members of retirement schemes the flexibility to access one-third of their savings before retirement while keeping the other two-thirds for retirement.

In a letter that was read out to the finance committee, Godongwana raised concerns about the March 1,

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